Samsung set to post record Q3 profits of $6.2 billion, thanks to the Galaxy S III

Samsung profits to surge thanks to the Galaxy S III, looking to post $6.2 billion for Q3.

Anthony Garreffa

Gaming Editor

Published Sep 9, 2012 7:31 PM CDT
Updated Nov 3, 2020 12:27 PM CST

30-second read time

Riding on the wave of success of their super successful Galaxy S III, Samsung are poised to record a record Q3 profit of $6.2 billion. The Yonhap reports that according to analysts, Samsung could see an operating profit of $6.2 billion, up from $5.9 billion in Q2.

Samsung set to post record Q3 profits of $6.2 billion, thanks to the Galaxy S III | TweakTown.com

It wasn't too long ago that Samsung had announced they sold 20 million Galaxy S III handsets in just 100 days, as well as announcing and releasing the Galaxy Note II and the Galaxy Note 10.1.

Quarterly sales are estimated to have expanded by 24.5% to reach $45.5 billion or so, which sports a 78% year-over-year increase.

Read more: NVIDIA posts $46.7 billion revenue for Q2 2025, up 56% from 2024 thanks to Blackwell AI GPUs
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Read more: PlayStation operating profit returns to pre-pandemic levels with 16% margin

NEWS SOURCE:thenextweb.com

Anthony Garreffa

Gaming Editor

Anthony joined TweakTown in 2010 and has since reviewed 100s of tech products. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.

Anthony's PC features Intel's Core i5-12600K paired with the GIGABYTE Z690 AERO-G, Corsair's 32GB DDR4-3200, and NVIDIA's GeForce RTX 4090 FE. It runs Sabrent's Rocket 4 Plus 4TB with Windows 11 Pro, housed in Lian Li's O11 Dynamic XL, and powered by ASUS's ROG Strix 850W. Accessories include the Logitech G915 Wireless keyboard, Logitech G502X Wireless mouse, and LG C3 48-inch OLED TV 4K 120Hz monitor.