Samsung rakes in the dough with $52 billion in revenue, $8.27 billion in profit for Q4
Some of Samsung’s biggest competitors might be having a tough time turning a meaningful profit, but the South Korean technology giant should have no qualms with how its fourth quarter went. Samsung reported financials for the final period of 2012, and it revealed that over $52 billion in revenue rolled in from its various businesses. That was enough to give the OEM a healthy profit of $8.27 billion on the quarter, and $27 billion for the entirety of 2012.
Samsung has its hands dipped in a lot of different areas — including mobile, appliances, televisions, telecommunications and infrastructure, chipsets, displays, computers and more — so we didn’t expect much less. Regardless of how many different markets Samsung plays in, though, it’s still an impressive feat.
Mobile did continue to give Samsung a boost as it saw a 4% increase quarter-over-quarter, and the OEM name-dropped heavy hitters such as the Samsung Galaxy S3 and Samsung Galaxy Note 2 in its obligatory bragging rights ceremony. Despite such an awesome performance, however, Samsung was quick to remind people that it probably won’t do nearly in Q1’2013 as it did last quarter.
This is typical for any company, really — Q1 is a dry period for any business following the holiday season, and Samsung is no different. Samsung also says it will likely struggle a bit as it looks to adapt to the fast changing transition in traditional computing, with desktop and laptop PC sales down in favor of mobile and tablets.
Still, no one is better positioned to take advantage of that shift than Samsung. As the top mobile OEM in the world and the most successful Android phone manufacturer the industry has seen, Samsung is sitting right where it needs to be to take advantage of this change in the paradigm of contemporary computing.