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Samsung's mobile division makes more profit than Google's entire business

Samsung's mobile division makes more profit than the entire of Google
| Business, Financial & Legal News | Posted: Nov 15, 2012 10:36 am

Samsung, as most of you would know, have found great success in the form of their Galaxy-branded smart devices, so much so that their mobile division is making quite a sum in profits. This sum has eclipsed Google's entire profits - wow.

 

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This is according to a new study from market analysis firm Asymco, who sees income from Samsung's mobile division completely outstripping Google's operating income over the past three quarters. Their findings are quite amazing, that just two years ago, Samsung's income from smartphone sales edged on near zero.

 

The most recent quarter saw the South Korean device maker reach record-breaking performance, where they saw $7.4 billion in profits. This was largely thanks to their mobile division, where they reportedly shipped 58 million smartphones in the quarter, with the Galaxy S III making up around 18-20 million of that total. Asymco estimates that Samsung's mobile division income total is sitting at around $5 billion for the past quarter, comparing it to Google's entire business operations recording $3 billion profit for the third quarter.

NEWS SOURCES:Electronista.com

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