Samsung’s Q4 profit rose by 87 percent
Samsung reported $8.3 billion profit in last three months of 2012. Doubling of smartphones sales from year earlier was no doubt contributed by strong sales of Galaxy S III handsets and Galaxy Note II phablets.
Bloomberg also shows 19 percent increase in sales from Q3 2012. Total 2012 sales for Samsung were about $200 billion. The operating profit for Samsung in last quarter of 2012 shows 87 percent improvement compared to same quarter year earlier.
IPhone 5 sales were slower than expected and chances are Samsung premium handsets sales had something to do with it. Apple had sold about 45 million iPhones in the last quarter, while Samsung sold about 62 million of their Galaxy handsets in the same time. Samsung’s shares rose 44 percent last year. Another reason for Samsung’s revenue spiking is the fact that Samsung is the biggest manufacturer of OLED displays which have very recently been featured on many phones.
Samsung is sure to maintain the world’s domination in smartphone sales thanks to the vast variety and mid range smartphones. Apple is rumored to be producing a budget iPhone as well.
Samsung at CES 2013 showcased many great inventions for which it received 27 awards.
Related posts:
- More Record Profits For Samsung
- Samsung Galaxy 3 – Roaring Success
- Samsung Q3 2012 operating profits of $7.28 billion
- Samsung gains 18.4% in Q3 tablet market share
- Samsung’s record numbers
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