It’s crazy how much some things can change. After a horrific Q3 last year, Samsung has shown great improvement. After Sony had released their Q3 numbers this morning as well, Samsung being the rival that they are, wanted to up the ante and released theirs as well. Their total revenue came out at $35.8 billion with profits coming around to $3.96 billion.
Samsung performed very well in the mobile industry as well, selling a whopping 71.4 million phones during Q3 2010. That is a 19% increase from year to year. Reports indicate that 5 to 7 million of those phones were one of the Galaxy S line. Samsung hopes to bring that number up to 10 million in Q4. Samsung’s revenue can only look to increase with the release of the Samsung Galaxy Tab coming November 10th in the US. Their revenue could also go down as well due to increased prices of LCD panels. We will have to see how the Galaxy Tab will affect their profit. Congrats on a great Q3 Samsung.
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