Thursday, October 27, 2011

Samsung's Q3 2011 overall profit falls despite incredible phone sales

Ready for more dollars and cents earnings news? It's Samsung's turn, and when it comes to phones the news couldn't be better, where it notched an operating profit of $2.3 billion on record sales. Unfortunately, other parts of its massive business selling displays, memory chips, appliances, and more weren't as profitable, leading a quarterly profit of $3.8 billion, down 13% from the same period last year. It's expected that Samsung will announce it sold more smartphones than Apple in the last quarter, but we'll have to wait for the earnings call in a few more hours to know more details. For now, hit the source link to paw through bar graphs and figures in the accompanying slides for yourself.

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Samsung's Q3 2011 overall profit falls despite incredible phone sales originally appeared on Engadget on Thu, 27 Oct 2011 21:57:00 EDT. Please see our terms for use of feeds.

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Richard Lawler 28 Oct, 2011


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Source: http://www.engadget.com/2011/10/27/samsungs-q3-2011-overall-profit-falls-despite-incredible-phone/
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