Samsung has been having a really great year and the quarterly earning call this week has shown just how great of a year it is turning out to be for Samsung. You only have to look at the Galaxy S3 and how fantastic the sales have been for that smart phone. Then add in the Galaxy Note and you see the pattern emerging for sales for the company. And this comes at a time when Samsung has been forced to defend themselves against numerous lawsuits from Apple against the company. And there is all the rumors about Apple moving away from Samsung to get components for the iPad.
The reported profit for the quarter is at $5.9 billion and comes from $47.5 billion in revenue. These kinds of numbers put them at the top of the pile for phones supplied around the world. We keep hearing about some new phone or tablet being released just about every week. And here in the US, they still have devices which are not being carried by all the wireless carriers, so there is still potential.
While manufacturers are not providing specific numbers on what they have sold, there are analysts who are saying that Samsung shipped double the phones that Apple did. The numbers estimated are 56.3 million for Samsung as compared to 26.9 million handsets. With more than double the phones of Apple. They are at the top of all the manufacturers in the world and with these latest numbers, they are extending their lead and putting more space themselves and Apple.
Many are speculating that Samsung will not be able to keep up these kind of profit numbers going forward. And there are several factors for that speculation. The big one is losing business relationships with Apple to provide components for Apple for a variety of products. While they can replace the lost business, it is going to take some time to fill the resulting void. Another item is that competitions is beginning to increase from other companies. Microsoft is trying to ramp up their Windows Phone OS and though Samsung will be selling some Windows OS phones, there are many other companies out there selling phones. They also face problems with all the lawsuits against the Android OS which may discourage people from buying those phone.
But Samsung has a wide variety of products, such as the coming Samsung Nexus tablet. We expect Samsung to remain on top, but it may become a little tougher over the next year.