closedownarrowexternal-linklogo-verticalmenu-barsearch Skip to main content
  1. uSwitch.com
  2. News
  3. 2012
  4. July
  5. Samsung Galaxy S3 drives bumper profits for phone-maker

Samsung Galaxy S3 drives bumper profits for phone-maker

Samsung Galaxy S3 drives bumper profits for phone-maker

Samsung posted record profits in the second quarter, amid surging demand for the Galaxy S3.

The handset-maker recorded a profit of $5.9 billion (£3.8 billion) for the period from April to June - a rise of 79 per cent from the year-ago quarter.

Samsung Galaxy S3 white official slanted

According to Samsung, the strong showing was driven by the recently released Galaxy S3 smartphone, which it forecasts will hit sales of ten million by the end of July.

Retail outlets have purportedly told the South Korean tech giant that the S3 has driven sales increases of as much as 60 per cent.

By September, the flagship phone is expected to have racked up 19 million sales, leaving it just one million behind the lifetime sales of its predecessor, the Galaxy S2. This is Samsung’s biggest-selling smartphone.

Samsung’s bumper profits are also likely to have been fuelled by the Galaxy Note. Although initially dismissed as a niche device, it has racked up sales of some five million units since launching late last year.

Sign up for updates

Join our email list to get the inside line on the latest phones and money-saving offers. And we’ll help you make informed buying decisions with handset reviews and consumer guides too.

Latest news:

Sign up for updates

Join our email list to get the inside line on the latest phones and money-saving offers. And we’ll help you make informed buying decisions with handset reviews and consumer guides too.

back to top