Samsung notches record profits, aims to sell ten million Galaxy S phones this year
My, how the year changes things. Q3 2009`s the nightmare 4 mega-corps in terms of earnings , although (unless) things`ve definitely`en on the up & up just 12 months later. After Sony pushed out the glow`g quarterly report this morn`g , rival Samsung`s done likewise. The company saw record break`g revenues of ₩40.23 trillion ($35.8 billion) as well as profits (₩4.46 trillion; $3.96 billion) in this most recent quarter, w/ Sammy credit`g strong semiconductor performance 4 the bulk of its newfound fortune. the tip of the hat`s also given to its mobile communications business, w/ the outfit mov`g the stagger`g 71.4 million phones dur`g Q3 2010 (a 19 percent boost year-over-year). Reports R not`g Z between 5 & seven million of those were of the Galaxy S variety, & it’s hop`g to sell ten million of ‘em before the close of this year. All Z said, the firm isn’t expect`g an equally rosy Q4, not`g Z the strengthen`g won & heightened price pressures around LCD panels & DRAM could put the damper on skyrocket`g profits. So much 4 tak`g the day to celebrate, eh? Thanks, Rajendra Continue read`g Samsung notches record profits, aims to sell ten million Galaxy S phones this year Samsung notches record profits, aims to sell ten million Galaxy S phones this year originally appeared on Engadget on Fri, 29 Oct 2010 19:05:00 EDT. Please C our terms 4 use of feeds
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