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:

Anti-Obama protesters clash with police in Manila 4 mins elapsed Anti-Obama protesters clash with police in Manila 12 mins elapsed Filipina, 51, shot dead by 24-year-old American boyfriend 35 mins elapsed Napoles’ surgery successful—doctor 36 mins elapsed Santiago wants Senate to recall Napoles 49 mins elapsed Visa-free US trip? Do not believe it, says consulate 1 hour elapsed Sherpas leave Everest; some expeditions nix climbs 1 hour elapsed Bam Aquino becomes Master Splinter’s son after Wiki hack 1 hour 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

News

  • Anti-Obama protesters clash with police in Manila
  • Anti-Obama protesters clash with police in Manila
  • Napoles’ surgery successful—doctor
  • Santiago wants Senate to recall Napoles
  • Sherpas leave Everest; some expeditions nix climbs
  • Sports

  • Pacers rally past Hawks 101-85 to even series
  • David Moyes out as Manchester United manager
  • Nadal to face fellow Spaniard at Barcelona Open
  • Defensive Chelsea holds Atletico in scoreless draw
  • Popovich wins NBA coach of the year
  • Lifestyle

  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Sweet party for Andi Manzano
  • Safety in online buying and selling
  • Entertainment

  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Summer movie preview: Bay reboots ‘Transformers’
  • Business

  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • $103M Vista Land bonds tendered for redemption
  • Oil slips to $102 as US crude supplies seen rising
  • SC stops Meralco power rate hike anew
  • Technology

  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Brazil passes trailblazing Internet privacy law
  • New York police Twitter campaign backfires badly
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • Filipina, 51, shot dead by 24-year-old American boyfriend
  • China, rivals sign pact to ease maritime tensions
  • Visa-free US trip? Do not believe it, says consulate
  • Obama visit to Asia seen as counterweight to China
  • Violence mars militant protest at US Embassy
  • Advertisement
    Marketplace