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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

By Anthony Garreffa on Jan 25, 2013 02:39 am CST - 0 mins, 53 secs reading time

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.

Samsung posts record quarter, sees $8.27 billion in profits for Q4 2012 | TweakTown.com

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.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:engadget.com

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