Samsung sold 500 handsets every minute in Q4 2012
Samsung posted yet more impressive results for Q4 2012, generating reported profits of around $8.1 billion
Samsung has generated profits of around $8.1 billion (around £5 billion) for Q4 2012, according to reports, following excellent handset sales, notably its Galaxy Note 2 phablet, as well as large orders for its chipsets.
Both Samsung’s OEM and consumer electronics businesses are booming. And analysts don’t expect it to show signs of slowing anytime soon, pushing the company’s share prices to record levels.
Speaking to Reuters, Morgan Stanley analyst Shawn Kim said: ‘Smartphone momentum has not decelerated, despite Apple's new iPhone, and the business continues to be driven by its flagship products.’
He added: ‘this time, it's the Galaxy Note II ... with the upside in unit shipments mainly from the U.S. We expect strong momentum to continue in the first quarter.’
Galaxy S3 sales, according to reports, slipped from 18 per cent to 15 per cent globally. However, the company’s Galaxy Note 2 device, launched in Q3 2012, more than made up for the deficit with sales of around 8 million for the quarter.
Samsung is expected to post a 65 per cent increase in year-on-year operating profit for October-December, according to Reuters. Samsung’s stock gained 44 percent in 2012, added the report, easily outpacing a 9 per cent rise on the broader Korean market and topping Apple's 31 per cent increase.
2013 looks set to be another record-breaking year for Samsung, especially with the launch of its Galaxy S4 scheduled for early-Q2.