Quantcast
Latest Stories

Samsung profits beat forecast, mobile biz doubles

By

Samsung Electronics Co. logo is seen at a showroom of its headquarters in Seoul, South Korea, Tuesday, Jan. 8, 2013. Samsung Electronics Co., the world’s largest technology company by revenue, expects record earnings for the fourth quarter of 2012 as shoppers continued to snap up its smartphones and tablets. The company said Tuesday its operating profit for the October-December quarter would be about 8.8 trillion won ($8.3 billion), up 89 percent from a year earlier and higher than expectations. It will release its full quarterly result including net profit at the end of this month. AP Photo/Lee Jin-man

SEOUL, South Korea— Samsung Electronics Co. reported Friday forecast-beating results for the fourth quarter of 2012 as profit from its mobile business more than doubled from a year earlier.

Samsung’s October-December net income reached 7.04 trillion won ($6.58 billion), a 76 percent surge of 4.01 trillion won a year earlier. Analysts expected 6.95 trillion won in income according to FactSet.

Sales and operating income were slightly higher than its earlier preview. Sales rose 19 percent over a year earlier to 56.06 trillion won and operating income jumped 89 percent to 8.84 trillion won.

Increased sales of smartphones were the key source of its stellar profit. Samsung, which overtook Apple Inc. as the top smartphone maker last year, said its operating profit from the division that makes and sells smartphones and tablets more than doubled to 5.44 trillion won in the fourth quarter, from 2.56 trillion won a year earlier.

Analysts said Samsung will likely to see a continued rise in smartphone sales this year, especially in low- and mid-priced smartphones, while Apple sees iPhone sales plateau.

Bullish analysts forecast Samsung smartphone shipments to rise as much as 50 percent this year from 2012.


Follow us on Facebook Follow on Twitter Follow on Twitter




Recent Stories:

Moderate earthquake jolts southern Iran 8 mins elapsed DOH asks co-passengers of OFW carrier to test for MERS-CoV 27 mins elapsed PH youth boxers off to stumbling start in AIBA World tilt 31 mins elapsed 5.5-magnitude quake hits Sultan Kudarat 37 mins elapsed Passengers denied chance to escape sinking South Korea ferry 59 mins elapsed Asia stocks fail to match Wall Street gains 2 hours elapsed Durant has 42, Thunder beat Pistons 112-111 2 hours elapsed Will Arnett files for divorce from Amy Poehler 3 hours elapsed
Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: gadget , mobile phone , profit , Samsung , technology

  • T Tinio

    kung nde ba naman kayong bugok na dalawa eh parehas na bulok na model yan pinipili nyo! 

    Saan planeta ba kayo galing? Nde na uso ang OS ng Wave = Bada, and Nokia mapa windows or symbian man.

    • barok

      eh ikaw pala ang bugok eh…untog mo yang cellphone mo sa ulo mo at malamang kung di ang cellphone sira baka ulo mo.

  • http://profile.yahoo.com/NXV3F6YUQWDOA4HPYOFN5F2N3U Danyel

    pangit yung nabili kong Samsung…WaveY….nawawala ang signal…..babalik uli ako sa Nokia some other tym…….

    • barok

      Lumia 620 is coming soon…



Copyright © 2014,
.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement Advertisement
  1. Did Deniece Cornejo lambast Vhong Navarro on social media?
  2. Mommy Dionisia sings ‘Riking Bull,’sends netizens ablaze
  3. Tech company: Change passwords or suffer ‘Heartbleed’
  4. Smart phone apps and sites perfect for the Holy Week
  5. DOF: Tagaytay, QC best at handling funds
  6. Mommy Dionisia Pacquiao scores, takes over social media
  7. Philippines may watch ‘blood moon’ online
  8. IT technician found guilty of defrauding firm of P130,000
  9. Memes flourish after Pacquiao victory
  10. Another reason to quit social media this Holy Week: your safety
  1. Did Deniece Cornejo lambast Vhong Navarro on social media?
  2. Mommy Dionisia Pacquiao scores, takes over social media
  3. Nude and so dangerous
  4. Mommy Dionisia sings ‘Riking Bull,’sends netizens ablaze
  5. Memes flourish after Pacquiao victory
  6. Netizens react to Pacquiao’s victory over Bradley
  7. IT technician found guilty of defrauding firm of P130,000
  8. Philippines may watch ‘blood moon’ online
  9. Ireland’s wedding singer priest an Internet hit
  10. Samsung flagship smartphone goes on sale worldwide
  1. #RejectedBbPilipinas2014Questions flood Twitter
  2. Did Deniece Cornejo lambast Vhong Navarro on social media?
  3. Netizens fall in love with Crimea prosecutor Natalia Poklonskaya
  4. Mommy Dionisia Pacquiao scores, takes over social media
  5. Nude and so dangerous
  6. Why didn’t missing jet passengers use their cellphones?
  7. Mommy Dionisia sings ‘Riking Bull,’sends netizens ablaze
  8. Russia tries to curb Crimean prosecutor’s Internet fame
  9. Memes flourish after Pacquiao victory
  10. Netizens thank Capa for Lee arrest

News

  • Moderate earthquake jolts southern Iran
  • DOH asks co-passengers of OFW carrier to test for MERS-CoV
  • 5.5-magnitude quake hits Sultan Kudarat
  • Passengers denied chance to escape sinking South Korea ferry
  • Firetruck rams California eatery; 15 injured
  • Sports

  • PH youth boxers off to stumbling start in AIBA World tilt
  • Durant has 42, Thunder beat Pistons 112-111
  • Walker leads Bobcats over Bulls in OT, 91-86
  • Man City slips further out of title contention
  • Federer would skip tennis to be with wife, newborn
  • Lifestyle

  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • Entertainment

  • Will Arnett files for divorce from Amy Poehler
  • American rapper cuts own penis, jumps off building
  • Jay Z to bring Made in America music fest to LA
  • Why Lucky has not bought an engagement ring for Angel
  • Derek more private with new girlfriend
  • Business

  • Asia stocks fail to match Wall Street gains
  • Fired Yahoo exec gets $58M for 15 months of work
  • PH presses bid to keep rice import controls
  • PSEi continues to gain
  • Number of retrenched workers rose by 42% in ’13
  • Technology

  • DOF: Tagaytay, QC best at handling funds
  • Smart phone apps and sites perfect for the Holy Week
  • Tech company: Change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Syria most dangerous country for journalists, PH 3rd—watchdog
  • Japan says visa-free entry still a plan
  • First Fil-Am elected to Sierra Madre, Calif. city council
  • UC Irvine cultural night to dramatize clash of values in immigrant family
  • Filipino sweets and info served at UC Berkeley Spring Fest
  • Advertisement
    Marketplace