Samsung Reports A $3.6 Billion Q1 Profit

Posted May 4, 2010

Samsung Electronics has reported a $3.6 billion profit for the first quarter. There was a boom in the company’s memory chip business. This was the highest in the company’s history.

Samsung said that their chip operation has a 24% operating profit margin in their DRAM and NAND memory chips business. This put Samsung in the second-place position with a 21.8% market share as they are starting to gain on Nokia.

Samsung sold about 64.3 million mobile phones in the first quarter. This is a 40% increase from the past year. [InformationWeek]