Samsung sees profit up 89%, sales up 18% in Q4 2012

Nieuws Mobiel Wereld 8 JAN 2013
Samsung sees profit up 89%, sales up 18% in Q4 2012
Samsung Electronics has announced KRW 56 trillion in estimated sales for the fourth quarter of 2012, up 18.4 percent on the fourth quarter of 2011, when it grew revenues 13 percent year-on-year to KRW 47.3 million. The company's preliminary figures show an operating profit up 89 percent to KRW 8.8 trillion in the fourth quarter, versus 76 percent growth to KRW 5.3 trillion in the fourth quarter of 2011.

Although Samsung did not provide details of sales and profit by division, analysts see as the key driver success in the smartphone market, where it may have doubled profits. LIG Investment & Securities expects Samsung to have sold around 63 million smartphones around the world in the fourth quarter of 2012, compared to Strategy Analytics' estimate of 56.9 million sold in the third quarter.

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