Samsung earn $5.9 billion in Q2, break quarterly record

The good times just keep on rolling for Samsung, as their latest financial earnings report shows them to have sold over twice as many of their smartphones as rival manufacturer Apple.

The figure for Samsung’s Q2 earnings stands at a company record of $5.9 billion, which matches the estimated earnings they set for themselves, and is up on their earnings this time last year by an impressive 79%.

The earnings largely stem from Samsung’s relentless rise to become the leader of the smartphone market. Earlier in the year, the Korean manufacturer took Nokia’s top spot as the best-selling mobile phone maker in the world, and these latest figures show them to also be widening the gap between themselves and Apple.

That being said, Apple are yet to release their next iPhone, which it’s safe to assume will become one of the best-selling consumer electronics devices  in history, and will almost certainly result in Apple catching back up with the Korean phone giant.

As expected with such impressive financial results, Samsung’s shares have increased by 9% this year, which is going against the overall flow of the wider market, which has seen shares drop by 3%.

[Source: Reuters]