Samsung Electronics says its quarterly profit is almost seven times higher than it was a year ago. Figures released today show a record quarterly high, hitting 3.99 trillion Won (£2.35 billion) – up from 582 billion Won in Q1 2009. Quarterly sales were up 21% year-on-year.
In the mobile business, Samsung sold 64.3 million devices in the first quarter, up 40% from the first quarter of 2009 – and it's predicted increased demand for the second quarter of 2010.