Samsung’s Q2 2012 Earnings: Smartphone Business Propels $41.5B In Revenues, $5.9B In Profits

Samsung has just reported its Q2 2012 earnings, and it would seem that the Korean electronics giant is still the king of mobile, with an operating profit of $5.9 billion for the period, up 79 percent year over year.

Of course, the Galaxy S III and the Galaxy Note have plenty to do with that, considering Samsung predicted it would sell 10 million Galaxy S III units by July. And that’s just what it did.

The company reported $41.5 billion in revenues, which is up about $1.5 billion from last quarter, and up 21 percent year over year.

Samsung is killing it in the TV department, though the company does report that demand stays relatively the same year over year. Even still, the company has increased shipments and profitability, and demand for LED TVs in emerging markets helped “Samsung increase its portion of LED TV sales from the mid 60-percent range to a mid 80-percent share, quarter-on-quarter,” according to the release.

Memory chips and processors were down a bit from last year, but the real shining star was the phone business, which brought in $3.64 billion in profit.