Samsung Expects Record 2012 Q4 Profit of $8.3 Billion

Samsung Electronics expects to post another record profit quarter for 2012's Q4 results, which are due to be announced later this month.

The firm, which is the world's largest consumer electronics maker, also forecasts its fourth-quarter sales to be $52.6 billion. The results will be announced on January 25.

Samsung shipped 18 million Galaxy S3 units during the third quarter, representing a considerable increase from 5.4 million in the second quarter, which is an increase of 230 percent. Additionally, two months after it was released, the Galaxy Note 2 phablet sold 5 million units.

As for the Galaxy S3's commercial performance, the device became one of the best-selling Android smartphones since its 2012 launch. It sold 30 million units before the year was over and became the best-selling smartphone on the planet during the third quarter, a title that was held previously by Apple's iPhone 4S.

During the third quarter of 2012, meanwhile, Samsung recorded a record profit of $7.4 billion. Its operating profits increased by 91 percent when compared to the same period in 2011.

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Zak Islam
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Zak Islam is a freelance writer focusing on security, networking, and general computing. His work also appears at Digital Trends and Tom's Guide.