Samsung estimated to have shipped 50 million smartphones in Q2, hits record $5.9 billion profit

Daniel Bader

July 6, 2012 11:34 am

Samsung’s upcoming Q2 quarterly earnings would be fantastic to any other company, but the Korean giant will hit below expectations in the coming month due to a global slowdown on televisions and appliances. The smartphone end of the business, however, has boomed since last year, with an estimated 50 million devices shipped in the quarter, including 7 million Galaxy S III’s by the end of June.

The number of GS3’s would be higher if it wasn’t for the botched North American launch which delayed the released for up to two weeks in some cases; parts shortages are to blame, as Samsung is having trouble procuring a sufficient supply of Qualcomm’s Snapdragon S4 chips. Despite lower-than-estimated results, Samsung is expected to earn a record $5.9 billion USD in net income for the quarter on revenue of $41 billion. Still, this is some 6% less than analysts were predicting, bringing the stock down slightly.

As for July, the company is expected to sell up to 10 million Galaxy S III’s now that the phone has been given a global release. The June results accounted for just the international version, but North America could add a few million to that toll.

Source: Bloomberg

  • Pewz

    Beast

    • tonka

      rip rim

  • Andy

    You mean the person holding the phone?

    This phone looks small in his hand.

  • metoo

    After the “Apple Embargo” they faced in the USA, I’m sure they’re just relieved to be breaking even…

    • Pept

      @metoo
      you are such a d*****s… what part of 5.9 billion dollar profit don’t you understand?? The s3 wasn’t banned

  • OgtheDim

    Ummm…so the lack of phones to North America is because the Snapdragon processor isn’t available?

    But, it wasn’t coming to Canada anyways.

    Methinks there is something else short as well.

    • S2556

      the snap dragon S4 chip is in every canadian and american S3

  • Deli

    Thanks S2556 for the correct info. There are so many posters who posts non-facts and use them as an attack on whatever company they dislike.

    Good for Samsung to be successful. it’s too bad that HTC is taking a hit, i love HTC as well.

  • TKG26

    Loving my GS3!!! 50million!
    Should ensure proper upgrade support!

  • Scott

    Gosh, this phone is so nice!