Samsung sales up during the previous quarter

Samsung third quarter sales up

Samsung third quarter sales up Despite losing a court battle to Apple in the United States, South Korean tech firm Samsung has posted a record profit during the third quarter of 2012.

With Samsung’s numbers increasingly growing due to strong sales from their smartphones and tablets, they are set to hit a high in profit sales.

According to a regulatory filing by Samsung for July-September, their operating income doubled to about $7.3 billion.

Samsung shares rose by .2% in Seoul, as the company is set to announce their quarter results, including breakdown for each division and net income any time this month.

But analysts said that Samsung will have difficulty in increasing the sales during the last quarter of the year, since the former saw a decrease in marketing spending.

According to Nomura Securities, Samsung was able to sell 60 million devices in the three months before October. This included 18 million units of Galaxy S IIIs. During the span of April-June, Samsung was able to sell 50 million units.

The success that the Galaxy S III generated contributed greatly to the sales of Samsung.

According to IBK Securities analysts Lee Seung-woo, “Smartphones are the driving force behind the record-high profit.”

Image Source: