Samsung Posts Big Q1 Profits Thanks To Huge LCD TV Sales Numbers

Companies have been busy announcing their Q1 earnings, and in some cases losses, this week, and Samsung was definitely on the earnings side of things. Samsung's profits were up 37% in the first quarter of 2008 with profits of $2.2 billion on sales of $17.2 billion. Much of Samsung's growth was generated from LCD TV sales, especially those 46-inches and above. The company's LCD business generated 53% year-over-year growth itself, with the majority of other profit growth thanks to mobile phone sales.

Via Twice

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