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Over 50 million Samsung smartphones sold

Samsung reveals $5.9 billion profit for Q2 2012

Samsung’s Q2 2012 earnings report reveals that the Korean electronics giant made an operating profit of $5.9 billion.

Samsung’s operating profit is up 79 per cent year over year. The company reported $41.5 billion in revenues, up around $1.5 billion from last quarter, and up 21 per cent year over year.

It seems Samsung’s mobile section had much to do with the booming profits. The company’s sales figures for June stated that the sales of the Galaxy S and Galaxy S2 had passed the 50 million mark.

The sales report also revealed that the company sold 7 million Galaxy Note tablets in the same month.

Apart from smartphones and tablets, the report revealed that sales of memory chips and processors declined slightly from last year, but TV sales were up slightly, most probably due to the demand for 3D and LED models.

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