Samsung’s Q3 Earnings Are More Than Impressive

Just recently the quarterly earning figures for Samsung were released. Once again Samsung recorded impressive results. They installed a record high in quarterly profits, yet their shares dropped a little based on the idea that the growth will slow down in the upcoming period where the market is really crowded.Total revenue recorded in Q3 equals 52.18 trillion won ( 47.5 billion dollars) which is 26% higher than last year. Their profits were 8.12 trillion won (7.4 billion dollars) which is 91% higher than last year. That's impressive right?Not only that, Samsung also held on to the first place for the most phones sold beating Nokia one more time. Apple only follows them on the third place. Samsung is maintaining its first place with 23.7% of the market, meaning 105.4 million phones sold in Q3 of 2012.The other departments of Samsung also did very well in this quarter. The communication department added 23.9 billion dollars to the total revenues of the company and the display department added 7.7 billion dollars to the revenues.This growth is most certainly due to the Galaxy series of Samsung, especially the Galaxy S3 launched just a few months ago and now the Galaxy Note 2, which is now available also in US.