As has been its custom for the past few quarters, Samsung has released estimated performance figures ahead of its official financial reports for Q2 2012. This past quarter, the electronics giant is reporting record profits, thanks in most part to strong sales of its Galaxy line of smartphones.
Samsung predicts that it will report operating profits of 6.7 trillion won (US$5.9 billion) for the second quarter when its official report comes out at the end of this month. Sales for the company are estimated to be 47 trillion won (US$41.3 billion) in Q2.
Samsung released its new flagship smartphone, the Galaxy S III , in Q2, and it has also reported strong sales from its Galaxy Note smartphone in the past. Last quarter, Samsung surpassed Nokia to become the number one mobile phone maker in the world. It is also the number one smartphone maker in the world, ahead of rival Apple.
Samsung's full Q2 2012 financial report is due to be released on July 27.
