Samsung Galaxy S3 drives outstanding revenue

It seems like Samsung are on a roll with the Galaxy S3 and their revenue right now, which not only saw Samsung set new record profits during the last quarter, but it now seems they’re about to do the same for the third quarter. This has been largely helped by their flagship smartphone, Samsung’s Galaxy S3, and with the help of this device should see operating profits jump $300 million.

The previous record of $5.9 billion is thanks to the Samsung Galaxy S3 launch, and now it seems the continued success of this smartphone and the fact that they’ve moved more than 20 million handsets in just over 3 months, should mean the third quarter will reach $6.2 billion.

Some analysts expected the Galaxy S3 sales to slow in this quarter, but the opposite has happened with Samsung also seeing the Galaxy S3 take the top spot from Apple for most smartphone sales in the United States. This had obviously been helped by the fact that a new iPhone is about to launch, and as such consumers tend to hold off buying a new device when it will soon be outdated.

The above financial predictions are thanks to a short post found here, and this article also points out that Samsung has really shifted to another level over the past 12 months, which is thanks to the operating profits being up 78 percent when compared to the previous year at the same period.

Samsung recently announced the Galaxy Note 2, which is expected to be another major success story thanks to a surprising uptake with their original 5.3-inch Note, so with this device and the Galaxy S3 success, where will Samsung go next? It will be interesting to see if they can increase profits further with the release of a Galaxy S4 early next year.

If you already own Samsung’s Galaxy S3 you might be glad to know the Android 4.1 Jelly Bean update could arrive within the next week, although it might also launch on the same day Apple reveal the iPhone 5. This alone would be a nice marketing trick by Samsung, if it does in fact happen.

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Written by Daniel Chubb

Daniel is the CEO of Dansway Communications LTD and founder of; a top blog dedicated to breaking tech news, hands-on reviews and delivers real solutions to everyday consumer electronics hang-ups.

Daniel now spends his time keeping an eye on the latest technology and business trends. Also developing other blogs/news sites in the entertainment and business industries.

Contact Daniel Chubb: [email protected]


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