Samsung just announced its Q1 2012 earnings this evening and reported revenues of 45.27 trillion won (roughly $40 billion USD), which is up 22 percent YOY, and a record operating profit of 5.85 trillion won (roughly $5.1 billion), and a consolidated net profit of 5.o.5 trillion won. Samsung saw “an increase in profitability in display panels and mobile phones pushed up quarterly operating profit margins by 1.7 percentage points to 12.9 percent,” according to the press release. The South Korea-based company also saw strong Galaxy Note and Galaxy S II sales, which contributed to high profits for the quarter. However, many potential customers are most likely waiting for the release of the Galaxy S III set to be launched at a London media event May 3. Samsung announced yesterday that the S III would be the first handset to pack the company’s all new 1.4GHz quad-core Exynos processor.
Samsung should have another strong Q2 lead by the Galaxy S III. We will hop on the company’s call with investors to hear more details about Q1 2012 and hopefully (although unlikely) something about the Galaxy S III. You can read the full press release after the break.