Samsung's profits for it's third financial quarter this year fell slightly, to about $3.1 billion on revenues of $37.3 billion, but that slightly dark cloud has a very bright silver lining: smartphone shipments were up 20 percent over the previous quarter thanks in large part to the Galaxy S II — over 10 million Galaxy S II smartphones have been sold in the five months since it was introduced. Those numbers were good enough to make it a record quarter for Samsung and to give the division a profit of $2.3 billion.
Samsung’s Q3 2011 results show huge phone sales, falling overall profits
Samsung expects to "sustain strong earning momentum" in smartphones thanks in no small part to the upcoming release of the Galaxy Nexus and Galaxy Note smartphones.
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