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Samsung reports Q2 2012 profits as $5.86 billion

Submitted by on July 27, 2012 – 9:35 am
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Samsung just reported its Q2 earnings for 2012. The South Korea based company managed to rack up an operating profit of $5.86 billion which was largely due to growth in its smartphone segment. That’s a whopping 79% year on year increase.

Strong demand for the Galaxy Note and Galaxy SIII are said to have played a major role. High average selling prices are a major contributor. While Samsung doesn’t really give us a breakdown of exact sales figures, it did say that mobile business unit was responsible for contributing $3.65 billion in profits to the bottom line of the electronics giant.

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Dhruv loves technology & is passionate about travel, science in equal measure. Currently using a ZF2. Catch him on Twitter (@DhruvBhutani) / Facebook . The metal head down the block ;)