Samsung posted record profits in the third quarter, driven by demand for top-end Galaxy smartphones.
The gadget-maker reported net profits of £3.7 billion for the three months to September – almost double the year-ago period.
The strong showing was driven by 20 million slates of the Samsung Galaxy S3. Total smartphone sales hit 56.3 million, affording the South Korean company a 31.3 per cent share of the global market.
This is more than double its rival Apple, with whom Samsung is embroiled in a lengthy and deleterious courtroom battle, and whose share stands at 15 per cent.
Samsung's performance in the crucial Christmas quarter will be boosted by late-September's arrival of the Galaxy Note 2 smartphone-cum-tablet hybrid, which the company expects will surpass the original Note’s ten million sales.
A further fillip will be provided by a new Nexus-branded, high-end slate that Samsung has manufactured on behalf of Google. Dubbed the Samsung Nexus 10, this is [set to debut on October 29th](/mobiles/news/2012/10/googleandsamsungworkingonnexustabletlandingnext_week/, along with a slew of new Nexus smartphones.
Was this article helpful?