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The financial crisis doesn’t have that bad influence!!

Tuesday, July 28, 2009
Apple just published the financial results for the second quarter of the year and the company is obviously unaware of a certain little thingy called world economic crisis and has recorded their best quarter revenue and earnings ever. Apple's quarterly earnings increased 15 percent with profits coming in at $1.23 billion. Those results were much improved when comparing it to the $1.07 billion from last year. Sales jumped 12 percent to $8.34 billion partly aided by the 5.2 million iPhones sold during the quarter – an impressive number which was seven times more than what they sold during the same quarter last year.

Samsung obviously finds itself in a very good spot with each of its divisions' profits on the rise. The consolidated operating profit for the quarter has been about 1.42 billion euro, marking a 5 percent increase year-over-year. The sales of mobile handsets have increased 14 percent quarter-over-quarter to 52.3 million units in the second three-month period of the year. Samsung expects to continue to gain market share by expanding its product lineup and through close partnerships with mobile service providers.

The second quarter of 2009 gave LG a reason to smile as the company achieved record-high sales and operating profit. Sales on a global basis went up 13.8 percent compared to the same period of last year to reach 11.229 billion US dollars. The operating profit jumped to 878 million US dollars, 1.1 percent higher than the previous year. Of those the sales of the mobile phones account for 3.778 billion US dollars, a huge 29.9 percent higher than the previous year. The operating profit of the division has reached 417 million US dollars. The shipments of LG handsets recorded an increase of 7.8 percent YoY and 32 percent QoQ totaling 29.82 million units over the past three months.

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