Samsung Electronics recently posted revenues of $32 billion on a consolidated basis for the second quarter of 2010, a 17 per cent increase year-on-year, with a net income of $4.2 billion.

Samsung’s digital media businesses – including visual display and digital appliances – registered sales of $12.28 billion, a 20 per cent increase year-on-year.

In flat panel TVs, Samsung shipped 9.02 million units, up 43 per cent year-on-year due to strong growth in developing markets. In developed markets, increased sales of large-sized, LED and 3D-capable TVs drove operating profit, a company statement said.

Samsung took a strong lead in the 3D TV market, selling more than 500,000 units following the launch of its new lineup in March, it added.

Digital appliance sales rose 23 per cent from the same period of 2009, supported by demand in developed markets, Russia and some emerging markets.

In the third quarter, demand for flat panel TVs is forecast to increase 20 per cent year-on-year. Sales of high-end LED models are expected to rise, accounting for 30 per cent of total LCD TV sales during the fourth quarter.

Samsung’s growth rate in flat panel TV units from 2009 to 2010 for the first half of the year was in excess of 150 per cent, while LED TV technology grew by more than 600 per cent over the same period.

“Apart from our market leading quality, design and performance, strong demand for Samsung panels have been driven by three key technology trends; LED television, 3D TV and Internet enabled television,” said Justin Shaw, general manager, TV division, Samsung Gulf Electronics in Dubai. – TradeArabia News Service