South Korean consumer technology giant Samsung has just released details of its profits for the quarter ending in September. In the three month period, the company racked up to a whopping £4.5 billion in operating profit, which shows a massive increase of over 93% of the same period last year.
The company’s flagship Android smartphone, the Samsung Galaxy S3 has been widely credited with the vast profits achieved. The handset is currently the most popular on the market and is still in number one position in many countries despite the launch of significant competition like the iPhone 5. The handset famously sold a record breaking 20 million handsets within its first 100 days on the market. Check our website for the latest Samsung Galaxy S3 News.
Samsung also has a number of other smartphones in its range which have contributed significantly to its success. A surprising success story was the galaxy note, which has so far sold over 12 million units, even after many people doubted its large screen format would prove popular with consumers. The handset has proven to be such a hit that the follow up to the device was launched on Monday. The Samsung Galaxy Note 2 has already received an excellent reception from critics and consumers.
Additionally, Samsung has several budget smartphones in its Android powered Galaxy range such as the Galaxy Ace. This is still one of the top selling handsets in the UK, and although it may not be as high profile as the likes of the Galaxy S3, still makes it a significant contribution to the success of Samsung Mobile.
The Galaxy S3 is set for another boost in the near future thanks to the release of a number of new colour variants along with 4G LTE compatible versions of the handset hitting the UK market ahead of the launch of EE’s 4G network at the end of October.
Despite its ongoing legal battle with Apple, it appears that there is no stopping Samsung. The feature certainly looks bright for the South Korean manufacturer provided it says on the same trajectory of innovation as we are used to seeing.