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Samsung Announces Record Q4 Profits, 63M Phones Sold

Samsung has announced its financial results for 2012's fourth quarter, with the world's largest consumer electronics manufacturer confirming that its profits increased by 76 percent during the last three months of 2012.

Profits increased to a record 7.04 trillion won ($6.6 billion), a considerable increase from the 4.01 trillion won it generated during the same period a year earlier.

It represents the fifth consecutive record quarterly profit for Samsung, which also generated fourth-quarter sales of 56 trillion won ($52.6 billion), a 19 percent increase.

Last year, Samsung became the world's largest smartphone maker, subsequently overtaking Apple. Consequently, the Korean firm said its mobile profits have more than doubled during 2012's Q4.

Samsung referred to its Galaxy slate of smartphones and tablets as its top seller, which spearheaded its record profits. The company's handset division enjoyed an operating profit of 5.44 trillion won, an increase from 2.56 trillion won in 2011.

"The furious growth spurt seen in the global smartphone market last year is expected to be pacified by intensifying price competition, compounded by a slew of new products," Samsung said. "In the first quarter, demand for smartphones in developed countries is expected to decelerate, while their emerging counterparts will see their markets escalate with the introduction of more affordable smartphones and a bigger appetite for tablet PCs throughout the year."

The firm didn't provide data on the amount of smartphones it shipped, but analysts believe it sold 63 million units during the quarter. Samsung previously announced that it has sold over 100 million Galaxy S handsets, with the Galaxy S2 and Galaxy S3 exceeding 40 million sales -- the latter device achieved the sales milestone seven months after its launch.

The Galaxy S3 became the world's top-selling smartphone during the third quarter, which was a moniker previously held by Apple's iPhone 4S. Samsung also replaced Nokia as the global market leader in the cell phone market; it's also the market leader for the U.S. handset market.

During the third quarter, Samsung, which sells around a quarter of all mobile phones on the planet, posted a record profit of $7.4 billion. It also sold the most smartphones and phones during the same quarter.

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  • linkgx1
    Wow. You gotta hand it to Samsung. They have been really agressive in competiting in the global scale and it has payed off handsomely. Keep it up!
    Reply
  • masterasia
    7 Trillion? They can pay off the U.S. National debt.

    I thought Apple and Google made a lot money.....but damn....Samsung is killing. Am I giving my money to the wrong company?
    Reply
  • steve360
    masterasia7 Trillion? They can pay off the U.S. National debt.I thought Apple and Google made a lot money.....but damn....Samsung is killing. Am I giving my money to the wrong company?
    7 trillion won NOT dollars.
    Reply
  • samwelaye
    masterasia7 Trillion? They can pay off the U.S. National debt.I thought Apple and Google made a lot money.....but damn....Samsung is killing. Am I giving my money to the wrong company?
    Thats won. Thats a little over 6 billion US dollars. So no, you would need about 2000 Samsungs to pay back the Us debt.
    Reply
  • vaughn2k
    I just hope that Samsung will not soon became the likes of Apple. Theire phone are just very good.
    Reply
  • colson79
    Samsung made 6.6 billion dollars in Q4 while Apple made 13 Billion, I'm sure Samsung would like to be more like Apple.
    Reply
  • tomfreak
    Not bad Congrats to them. I was almost wanted to buy their phones, but.....too bad it seems I am all nokia now. Those Nokia Lumia phone are just too amazing.
    Reply
  • SAL-e
    otacon72Uh oh...you said something nice about Apple...here come the fanboys thumbing you down..lol re: my comment above..haAs you notice the current state of the votes is +2 for colson79's comment vs -7 for your first comment and -2 for your second comment. I guess this is because colson79 used a fact not taken out its context and made valid argument. You on other hand just made emotionally charged comments based on incoherent logic. So before you accuse everybody for been a fanboy, you should take long look in the mirror.
    Reply
  • house70
    SAL-eAs you notice the current state of the votes is +2 for colson79's comment vs -7 for your first comment and -2 for your second comment. I guess this is because colson79 used a fact not taken out its context and made valid argument. You on other hand just made emotionally charged comments based on incoherent logic. So before you accuse everybody for been a fanboy, you should take long look in the mirror.Ditto.
    Reply
  • Vladislaus
    colson79Samsung made 6.6 billion dollars in Q4 while Apple made 13 Billion, I'm sure Samsung would like to be more like Apple.Actually Apple had a 8.2 billion dollars net profit at Q4 2012, not 13 billion. Still more than Samsung made, but Samsung is growing faster than Apple. Samsung profit increased 76% when compared to Q4 2011. Apple on the other hand increased 24%. If it keeps growing at this pace in a year it will have a profit larger than Apple.
    Reply