samsung logo Samsung rakes in $5.9 billion in Q2

The world’s largest manufacturer of mobile phones and TVs raked in an astonishing $5.9 billion in profit in Q2.  PC display panels and laptops have not been Samsung’s strong suits lately, but strong Galaxy S III and Galaxy Note sales boosted the South Korean tech giant to even greater heights.

The world’s largest manufacturer of mobile phones and TVs raked in an astonishing $5.9 billion in profit in Q2.  PC display panels and laptops have not been Samsung’s strong suits lately, but strong Galaxy S III and Galaxy Note sales boosted the South Korean tech giant to even greater heights.

Over half of Samsung’s Q2 (62% to be exact) profit came from the mobile business as more than 49 million smartphones were shipped in Q2.  A large portion of the shipped smartphones was the Galaxy S III—Samsung’s latest flagship device.

Seven million Galaxy S III units were shipped in Q2, and analysts expect that number to increase to 20 million in Q3. 

Despite the strong surge in smartphone sales in Q2, analysts also predict that Apple’s upcoming iPhone 5 might dowse Samsung’s hot streak.  The new iPhone’s “revolutionary UI”, an analyst claims, will be one of its strongest selling points.

Samsung may be dominating the high-end smartphone market, but its entry-level smartphones have to deal with quite a few competitions.  Emerging Chinese firms such as Huawei and ZTE have proven that they should not be taken lightly.

The glories and joy of cashing in on outstanding sales does not mean that there’s nothing standing in the way of even more success.  Apple and Samsung are due for another trial date this Monday in a California court over patent infringement claims from Apple.

Various sources have reported that Apple is demanding $2.5 billion in damages from Samsung.