Samsung’s profit jumped by 76 percent in the fourth quarter of last year and netted 87 percent increase in profit compared to a 2011. Overall, Samsung makes a healthy 18.5 percent increase compared to 2011 with total revenue of 8.84 trillion won ($52.04 billion). The net operating profit for 2012 amounts to 29.05 trillion won ($26.92 billion).
Samsung is a huge conglomerate making home appliances, semiconductors, TVs and other gadgets, but more than half of Samsung’s sales comes from their phone division. 8.8 percent of Samsung’s revenue still comes from Apple, Samsung’s biggest rival. Apple has shown signs of attempting to tarnish their dependance on Samsung so this number is likely to decrease in coming years.
Samsung’s large high end LED TVs are also very profitable for Samsung and this trend will continue in 2013. High end refrigerators and washers also showed improvement especially in Europe and US. PC RAM sales slowed down in 2012, while Memory and System LSI sales improved. Samsung sees server, SSD and mobile sales boosting overall Samsung’s performance this year.
Via Samsung’s Press Release posted on engadget.
- Samsung’s Q4 profit rose by 87 percent
- Samsung Q3 2012 operating profits of $7.28 billion
- More Record Profits For Samsung
- 100 million Samsung smartphones sold
- Samsung gains 18.4% in Q3 tablet market share
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