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Samsung set the bar a little lower than the final mark when it told investors its expectations earlier this month, posting $7.4 billion in operating profits for Q3 and $5.97 billion in net income. This handily bests the $7.28 billion profit it told investors to expect, nearly doubling what it made over the same period last year. Why the jump? You can blame the Galaxy S III, which increased shipments “significantly due to global expansion,” the company says. Indeed, smartphone sales are credited to Sammy’s quarter over quarter leap in revenue. Consumer electronics sales also boosted profits a fair deal, achieving “industry leading profitability” in the TV market, according to Samsung, who cited growth both in the consumer space, and in the sales of OLED panels for televisions, tablets and high-end smartphones.

The company’s semiconductor sales, on the other hand, dropped by eight-percent in the face of weak PC demands. Samsung expects demand for PC DRAM and other high value-added chip products to remain weak, but optimistically notes that the sector is still profitable, and may pick up as new devices come to market. Got the basics? Great — dive into the details and charts at the source link below, or read on for Sammy’s official Q3 press release.

Continue reading Samsung makes $7.4 billion in Q3 profits, surpasses expectations

Filed under: Cellphones, Misc, Home Entertainment, Samsung

Samsung makes $7.4 billion in Q3 profits, surpasses expectations originally appeared on Engadget on Thu, 25 Oct 2012 20:02:00 EDT. Please see our terms for use of feeds.

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We’re used to seeing tablet market share illustrated on the world stage. China, however, has usually been untouched. Analysys International has taken a crack at decoding the market and has bucked a few expectations in the process: according to its estimates, the iPad’s lead is even larger in China than it is worldwide. About 72.7 percent of all tablets sold in the country during the second quarter were Apple-flavored, while homegrown hero Lenovo was a distant second at 8.4 percent. Everyone else had to contend with less than four percent and reflected the more diverse Chinese technology sphere — relative heavyweights like Acer, ASUS and Samsung had to hob-nob with brands that have little recognition elsewhere, such as Eben and Teclast.

The researchers credit Apple’s lead, a 7.8-point gain, to a combination of the new iPad and a price-cut iPad 2. We’d add that Analysys’ figures might not tell the whole story, though: China is well-known for its thriving shanzhai market, where legions of KIRFs and very small (usually Android-based) brands likely slip under an analyst group’s radar. That said, it’s still an illustration of how Apple’s influence in tablets is a distinct reversal of its much smaller smartphone share, even in a nation that’s a hotbed of Android activity.

Filed under: Tablet PCs

iPad estimated to be cornering nearly 73% of Chinese tablet market originally appeared on Engadget on Wed, 08 Aug 2012 17:08:00 EDT. Please see our terms for use of feeds.

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