Mobile sales are up. Revenues are up. But Samsung's Q2 2011 results showed a slight dip in profits, falling by 19 percent year on year to 3.5 trillion KWN ($3.3 billion).
There's little reason for the Korean firm to be all too alarmed, however.
Following on from the revelation that the firm's Galaxy S II handset has hit sales of 5.5 million units in 85 days (that's before the device even launches in the US), Samsung reported revenue growth of 4 percent to 39.44 trillion KWN ($37.4 billion) throughout the quarter.
Mobile mattersAs Galaxy S II sales would suggest, this bump was largely spurred by the performance of Samsung's handsets, with mobile sales up 43 percent year on year.
Breaking the figures down, Samsung's Mobile Communications Business saw a revenues rise of 45 percent to 11.69 trillion KRW ($11.1 billion).
The average sales price of handsets also increased by more than 10 percent.
"Despite the challenging business environment and global economic uncertainties, we achieved continued year-on-year revenue growth in the second quarter driven by mobile device sales, particularly the success of our smartphones," said VP and investor relations team head Robert Yi.
"Heading into the third quarter - which typically sees increased consumer demand for electronics we expect competition to remain tight, and will continue to enhance our cost competitiveness and technology leadership in the components businesses."
[source: Samsung]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
Interview
Apr 9th, 2024
Saga CEO Rebecca Liao on the launch of publishing division and mass market web3 games
Top Stories
Feature
May 17th, 2024
New release roundup: The best new mobile games from a battle royale to a console classic remake
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |
MomoCon 2024 | North America | May 24th |
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
Popular Stories
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
Feature
May 14th, 2024