Samsung is the last of the major mobile phone manufacturers to announce their financial results for the second quarter of the year. The company obviously finds itself in a very good spot with each of its divisions' profits on the rise.
The consolidated operating profit for the quarter was about 1.42 billion euro, marking a 5 percent increase year-on-year and 436 percent rise over the previous quarter.
The sales of mobile handsets have increased 14 percent quarter-on-quarter to 52.3 million units in the second three month period of the year. Another good news is the 2 percent increase in the average sales price for Samsung handsets, suggesting a larger number of high-end devices sold.
Samsung estimated that the world is starting to shake off the financial crisis consequences and expects the handset demand to increase by 5 percent in the third quarter. This seems pretty bold compared to the far more conservative predictions of most competitors for continuation of the hard market conditions.
The company expects to continue to gain market share by expanding its product lineup and through close partnerships with mobile service providers. It even forecasts that even with the current market conditions it will exceed its full year sales target of 200 million units. Now certainly if the trend of Samsung outperforming the market goes on for a while longer we might just have a new market leader in the coming years.
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