27 Jul '12, 2pm

news: Galaxy S3 generates record profits for Samsung

Home | Insights | Industry news 27 July 2012 | Author: L Pomphrey Media Content Manager Galaxy S3 generates record profits for Samsung Samsung have reported record profits after the launch of its popular Galaxy SIII mobile, propelling the company's smartphone revenue ahead of arch rivals Apple. Sales of the latest Galaxy mobile have helped drive Samsung profits to nearly $7 billion (£4.4 billion) for the quarter, a 79 per cent increase from 12 months ago. At the same time, rivals Apple have recorded a 30 per cent revenue slump in the last three months, as sales of the iPhone 4S wind down. The relative lack of change between the latest iPhone and its predecessor has allowed Samsung to forge ahead and establish itself as the smartphone tech leader, with slimmer designs and larger screens than its competitors. Competition between the two tech giants is becoming ever fiercer, ...

Full article: http://www.bigmouthmedia.com/live/articles/galaxy-s3-gene...

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