Samsung reports $8.27 billion in profits for Q4 2012

Samsung logoAs Samsung predicted, Q4 2012 was another big one for the company with 8.84 trillion won ($8.27 billion) in operating profits, around double what it reported for the same period back in 2011. Overall revenue was also up, showing a gain of 18.5 percent from the same period last year for a total of 56.06 trillion won ($52.04 billion.) The company reported "strong" sales of its tablets and smartphones, specifically calling out its Galaxy S III and Galaxy Note II, which last seen crashing through the 30 million and 5 million sold barriers, respectively. If you were hoping for a Galaxy S IV preview, it won't be found here, although Samsung expects demand for replacements and the expansion of LTE to drive sales, the anticipated seasonal drop in sales in Q1 suggests we won't see a new model right away.

For its TVs, Samsung claimed overall demand was flat from last year, however a focus on higher end LED models drove higher profits. Samsung sees the 60-inch and higher market growing in 2013, however Q1 sales are expected to be slow before the new models are introduced. Samsung is also a major chip maker, and it reported weak demand for PC RAM, but growth in the server and mobile markets. Hit the source link to check out the PDF yourself or check out the press release after the break for more details. We didn't learn anything particularly illuminating on the conference call, however executives believe there are more surprises left in the smartphone market for innovative companies like Samsung -- take from that what you will.

Source: Engadget

Tags: report, Samsung

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