Samsung electronics posts record profit

The South Korean giants, Samsung Electronics, ended 2012 with a net profit of 16,650 million Euros, 73% more than the previous year and the highest figure achieved in the history of the company.

The benefits are based on historical sales figure of 140,650 million Euros, 22% more than in 2011 because of the magnificent success of their smartphones, televisions, chips and other electronic devices respectively.

Samsung said in a statement that they reaped the benefits due to the first quarter slowdown in demand for smart phones in developed countries.

However, they did not expected such projections about  the sales figures from the emerging countries, where they plan to increase the numbers of smartphones and estimating an increase in demand for tablets.

The largest technology company in South Korea totalled a record operating profit of around 20,300 million Euros, 86% more than the previous year.  Regarding the last quarter of 2012, from October to December, net profit was about
4,900 million Euros, 75.5% more than the same period of 2011.

In those months, sales revenue reached a record high of about 39,200 million Euros, 18.5% more than the same period last year.  The growth was driven primarily by sales of smart devices Galaxy S2, S3 and Note, according to the
statement of the company.

Samsung keeps growing faster than its U.S. rival Apple and analysts say they will stay that way for much of 2013. So far, Samsung shares have risen 12% in the last three months, while Apple have plunged 20%.

In the great battle of the smartphones, the two firms share the 60% of the world market, but in the last year Samsung were a step ahead from their arch rivals.

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Posted by Farasat Ali on Jan 26 2013. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry