Ready Or Not, Here Comes Samsung With 7.4 Billion in Q3 Operating Profit!

A blog about business and economics.
Oct. 26 2012 10:29 AM

Ready Or Not, Here Comes Samsung With 7.4 Billion in Q3 Operating Profit!

We've had occassion to note the paradox of Android's success as a product and failure as a business but to be clear that's Android failing as a business venture for Google which created it. Samsung's stellar third quarter earnings showing operating profit of $7.4 billion with half its revenue coming from mobile devices is a reminder that Korea's breakout star company has built a great business on the shoulders of Android.

Indeed, given the extent to which they've managed to pull away from the pack in terms of making money selling Android phones you have to wonder if they're considering the possibility of forking Android to create a more clearly Samsung-branded ecosystem the way Amazon already has. That would be a classic disruptive path, not only challenging Apple with high-quality lower-margin products but ultimately challenging Google as well.


Meanwhile, Samsung continues to have a great display panel business. The television manufacturing industry is collapsing, but obviously the world has more screens than ever before. And Samsung seems to have done better than any other company out there in getting into that industry as the go-to suppliers for great screens.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.



The End of Pregnancy

And the inevitable rise of the artificial womb.

Doctor Tests Positive for Ebola in New York City

How a Company You’ve Never Heard of Took Control of the Entire Porn Industry

The Hot New Strategy for Desperate Democrats

Blame China for everything.

The Questions That Michael Brown’s Autopsies Can’t Answer


Kiev Used to Be an Easygoing Place

Now it’s descending into madness.


Don’t Just Sit There

How to be more productive during your commute.

There Has Never Been a Comic Book Character Like John Constantine

Which Came First, the Word Chicken or the Word Egg?

  News & Politics
The Slate Quiz
Oct. 24 2014 12:10 AM Play the Slate News Quiz With Jeopardy! superchampion Ken Jennings.
Oct. 23 2014 5:53 PM Amazon Investors Suddenly Bearish on Losing Money
Oct. 23 2014 5:08 PM Why Is an Obscure 1968 Documentary in the Opening Credits of Transparent?
  Double X
The XX Factor
Oct. 23 2014 11:33 AM Watch Little Princesses Curse for the Feminist Cause
  Slate Plus
Oct. 23 2014 11:28 AM Slate’s Working Podcast: Episode 2 Transcript Read what David Plotz asked Dr. Meri Kolbrener about her workday.
Brow Beat
Oct. 23 2014 6:55 PM A Goodfellas Actor Sued The Simpsons for Stealing His Likeness. Does He Have a Case?
Oct. 23 2014 11:47 PM Don’t Just Sit There How to be more productive during your commute.
  Health & Science
Oct. 23 2014 5:42 PM Seriously, Evolution: WTF? Why I love the most awkward, absurd, hacked-together species.
Sports Nut
Oct. 20 2014 5:09 PM Keepaway, on Three. Ready—Break! On his record-breaking touchdown pass, Peyton Manning couldn’t even leave the celebration to chance.