Friday, 25 January 2013

Samsung Announces Profits of $8.27 Billion For Q4 2012



As Samsung predicted, Q4 2012 was another big one for the company with 8.84 trillion won ($8.27 billion) in operating profits, around double what it reported for the same period back in 2011. Revenue was also up, showing a gain of 18.5 percent from the same period last year. The company reported "strong" sales of its tablets and smartphones, specifically calling out the Galaxy Note II which was last seen crashing through the 5 million sold mark. For its TVs, Samsung claimed overall demand was flat from last year, however a focus on higher end LED models drove higher profits. For the future, Samsung sees the 60-inch and higher market growing in 2013, however Q1 sales are expected to be slow before the new models are introduced. Hit the source link to check out the PDF yourself, we're still digging through the report and listening in on its conference call but we should have more information soon.

You can follow me on Twitter, add me to your circles on Google+ or Subscribe to me on FaceBook or YouTube. You can also check my Website and Blog to keep yourself updated with what is happening in the ever changing world of technology

No comments:

Post a Comment