TweakTown
Tech content trusted by users in North America and around the world
5,676 Reviews & Articles | 36,078 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Samsung posts record quarter, sees $8.27 billion in profits for Q4 2012

Samsung enjoys a record Q4 2012 with $8.27 billion in profits

| Business, Financial & Legal News | Posted: Jan 25, 2013 8:39 am

Samsung enjoyed a stellar Q4 2012, where the South Korean company saw $52.04 billion in revenue for the three-month period, posting profits of $8.27 billion. This is nearly double what the company reported in the same period last year.

 

TweakTown image news/2/8/28101_03_samsung_posts_record_quarter_sees_8_27_billion_in_profits_for_q4_2012.jpg

 

Samsung reported "strong" sales of their smart devices, where both the Galaxy S III and Note II have been mentioned specifically. Last we heard, the Galaxy S III had smashed through 30 million sales, and the Note II was enjoying 5 million sold. Samsung expects demand for replacements of those devices to be strong with the push of LTE connectivity, but the sales drop in Q1 will soon happen.

 

In the TV department, demand was flat from last year, but the push to LED models has provided Samsung with higher profits. The South Korean company sees the 60-inch and higher market growing this year, but Q1 sales - as we said before - are going to be slow before any new models are introduced. Weak demand for PC RAM was also discussed, but growth was seen in the server and mobile markets.

NEWS SOURCE
Engadget.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below