Samsung Q3 2012 operating profits grow by over 85% Y-o-Y despite recent legal battles with Apple costing over $1 billion-- allowing Samsung to remain the biggest technology company in the world (by sales).
Strong global Galaxy smartphone sales are the fuel behind the strong growth in both revenues and profit. Revenues for Q3 2012 reach $46-47.7bn (up from $37.2bn in Q3 2011) and operating profit totals $7.1-7.5bn (up from $3.8bn).
More detailed Q3 2012 numbers will be available by the end of October 2012.
According to analysts smartphone sales counteract weaker performance from the semiconductor division, currently hurt by a PC market with weak memory demand. A later than expected iPhone 5 launch also (perhaps fittingly) hurt the earnings, what with Samsung being the biggest component supplier to Apple.
When it comes to Q4 2012, Samsung hopes for a bost from both Galaxy Note 2 tablet, a future smaller version of the Galaxy S3 and high-end LED display and TV sales.