AfterDawn: Tech news

Samsung delivers strong revenue and profits

Written by Andre Yoskowitz (Google+) @ 24 Jan 2013 20:18

Samsung delivers strong revenue and profits Samsung posted another strong quarterly earnings report today, right on the heels of Apple's strong (but market disappointing) report last night.
For the Q4, the company posted an operating profit of $8.27 billion on revenue of $52.45 billion, a record for the company.

The company had expected slightly lower of each, beating estimates that they themselves had supplied the market last year.

Year-over-year, the profit was an 89 percent increase.

Overall operating profit for 2012 was $27.18 billion on revenue of $188.14 billion.

Samsung says their mobile business grew significantly year-over-year, thanks to strong sales of the Galaxy Note II and Galaxy S III. The company's semiconductor division also posted massive gains, bringing in $1.33 billion operating profit, alone.

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