Samsung Expects Record 2012 Q4 Profit of $8.3 Billion

News
By Zak Islam
published

Figure would represent increase of 88 percent.

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

The South Korean electronics conglomerate estimates that its fourth-quarter operating profit has increased by 88 percent to $8.3 billion when compared to the same period during 2011.

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
13 Comments Comment from the forums
  • reprotected
    Now if you replaced Samsung with Apple on the title, the comment section would be at it's 3rd page by now.
    Reply
  • stickmansam
    Does this mean they can make phones cheaper since they make so much profits...
    Reply
  • keither5150
    my wife has an S2 and I have a note 2. Samsung will continue to get my money. The wife wants a note 2 when her phone is up. Apple saw their last dollar from me with the iphone 4.

    Many people commenting won't have experience with both platforms. I do and
    Samsung just does it better. It was better with the S2. The note 2 is ridiculously far ahead.
    Google plays a huge part in Samsung's success.
    Reply
  • joytech22
    StickmansamDoes this mean they can make phones cheaper since they make so much profits...
    S3 can be had outright for $550. Compare that to Samsung's major competitor of $700 and upwards.
    Samsung worked hard to make their S-Series a continued success after the Galaxy S became a hit from out of nowhere, even if it had some major faults that even I had to shoulder(notably, RAM and filesystem speed issues).

    I'm going to say Samsung deserves it, they make some of the best devices out there regardless of what fanboys think.
    There's been a lot of suing going on towards them, because Samsung was inspired by other companies.

    Sadly, those companies instead of reaching agreements seek huge fines, injunctions etc..
    People, Innovation is about bringing new ideas to the table and ALSO improving on past ideas for the future.

    It isn't about creating something that can never be improved.
    Reply
  • Soda-88
    reprotectedNow if you replaced Samsung with Apple on the title, the comment section would be at it's 3rd page by now.Yeah because when you buy a Samsung device, you pay 99% for the product and 1% for customer support/warranty whereas with Apple it's 50% for product and rest for god knows what.
    Reply
  • ivanto
    " Samsung shipped 18 million Galaxy S3 units during the third quarter.
    .... And became the best-selling smartphone on the planet during the third quarter, a title that was held previously by Apple's iPhone 4S."

    When will this lie stop? Apple sold 26 million iPhones in that quarter. Clearly 26 is more than 18.
    Reply
  • And he clearly states that S3 outsold iPhone 4S and not all iPhones.
    Reply
  • blakbird24
    ivanto" Samsung shipped 18 million Galaxy S3 units during the third quarter. .... And became the best-selling smartphone on the planet during the third quarter, a title that was held previously by Apple's iPhone 4S."When will this lie stop? Apple sold 26 million iPhones in that quarter. Clearly 26 is more than 18.
    I thought iPhone users were supposed to be "smarter"?

    Your reading comprehension needs improvement. Apple sold 26 million iPhones, 16.2 million of those were iPhone 4S's. The 4S held the biggest chunk of iPhone sales, just as the Galaxy S3 held the biggest chunk (18.1 million) of Galaxy sales, which were 44 million for that quarter (and as i'm sure you can determine on your own, 44M > 26M.

    So, in summary, Samsung's best-selling smartphone beat Apple's best-selling smartphone, AND Samsung's entire smartphone line outsold Apple's entire smartphone line.

    Also, despite the expectations of record iPhone sales, Samsung is projected to widen it's lead in Q4 with estimates of about 12M more galaxy sales as compared to iPhone.

    Apple analysts continue to be baffled by the steady drop in Apple's stock price, while the explanation is crystal clear to guys who know the tech. Apple is not a comeback-team...they only play well with a lead.
    Reply
  • joebob2000
    StickmansamDoes this mean they can make phones cheaper since they make so much profits...
    They are already making phones cheaper... hence the profits. Are you asking if they can/will *sell* them cheaper?

    Details, details.
    Reply
  • ivanto
    blakbird24 Apple sold 26 million iPhones, 16.2 million of those were iPhone 4S's. /citation]Apple does not disclose the exact sales details by models. It's a guess
    Reply