Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Please click for more information, or scroll down to pass the ad, or Close Ad.
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
APC Free White Paper
Optimize your network investment &
Enter to win a Samsung Galaxy Note

www.apc.com
Mobile Tech
Fiercely productive scanners
Average Rating:
Rate this article:  
Samsung Sees Record Q4 Profits, Boosted by Mobile
Samsung Sees Record Q4 Profits, Boosted by Mobile

By Adam Dickter
January 25, 2013 1:28PM

    Bookmark and Share
"We did our best this quarter to achieve strong earnings based on a strategic focus on differentiated and high value-added products, as well as our technological competitiveness," said Robert Yi, Samsung senior vice president. Samsung reported record profits in the fourth quarter, driven largely by mobile products like the Galaxy S III.
 



For Samsung Electronics, success seems to come in all shapes and sizes, as the company's multi-structured approach to consumer taste yields big profits. In its fourth-quarter consolidated earnings report released Friday, the South Korean technology giant showed a 75.6 increase in profit over the same period of last year, boosted heavily by smartphone sales, with a record 7.04 trillion won net profit ($6.6 billion at current exchange rates). That represents almost a third of 2012's total profit.

Galaxy of Profit

Smartphone revenues amounted to about $5 billion, more than double last year's fourth quarter, with the flagship smartphone Galaxy S III and Galaxy Note II "phablet" leading the charge.

"Despite uncertainties in Europe and concerns over the U.S. fiscal cliff creating a difficult business environment, we did our best this quarter to achieve strong earnings based on a strategic focus on differentiated and high value-added products, as well as our technological competitiveness," said Robert Yi, Samsung senior vice president and head of investor relations.

He cautioned that in 2013, the company's component business should see a slow recovery due to reduced spending on manufacturing. Warnings that a stronger won may cut operating profit led to a drop in Seoul trading to a two-month low, Bloomberg news said.

Samsung said its lineup of LED TVs contributed to profits but gave no figure in its statement. Appliance sales, on the other hand, slumped because of the weak global economy, with the exception being high-end refrigerators and washers in the U.S. and Europe.

The earnings presented a brighter picture than that of archrival Apple, which also showed record profits but showed smartphone sales that were lower than Wall Street's high expectations, fueling speculation that its market share is starting to slip amid stiffer competition from devices with a bigger variety of features. Apple slightly increased its display with the iPhone 5 from 3.5 inches to 4 inches, at a time when some Android-based phones by Samsung and others are routinely larger.

Non-Frivolous Differentiation

"What we're seeing is a common issue in products without a lot of room to evolve," Charles King, principal analyst at Pund-IT, told us. "When you've gone about as far as you can -- given the limitations of available technology -- you focus instead on form factor issues. It isn't quite as frivolous as the increasingly large fins that graced Cadillacs and other U.S. cars in the '50s and '60s. Bigger screens -- especially in smart phones -- measurably impact customer experience, especially for multimedia apps and gaming."

Reports emerged last week that Apple may shift its strategy to a range of screen-size devices, with an "iPhone Math" in the works with a 4.8-inch screen. This kind of "me-tooism," as also seen with Apple's capitulation in making an iPad mini, "may also reflect essential changes in customer taste," King said.

Research firm Strategy Analytics said in a report issued Friday that Samsung shipped 213 million smartphones worldwide in 2012, the largest number ever shipped by a vendor in a single year. Apple held second place, with 135.8 million, while Nokia retained third place with 35 million. All others combined amounted to 316 million.
 

Tell Us What You Think
Comment:

Name:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 Mobile Tech
1.   Android Gets Chrome Remote Desktop
2.   Amazon 3D Smartphone Pics Leaked
3.   Zebra Buys Motorola Enterprise Biz
4.   CTIA Caves, Offers Kill Switch Plan
5.   Report: Amazon Phone To Feature 3D


advertisement
BlackBerry Drops T-Mobile After Spat
Moving on to other carriers after snub.
Average Rating:
Zebra Buys Motorola Enterprise Biz
Pays $3.45B in all-cash deal.
Average Rating:
CTIA Caves, Offers Kill Switch Plan
But leaves control up to users.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Google's Street View Software Unravels CAPTCHAs
The latest software Google uses for its Street View cars to read street numbers in images for Google Maps works so well that it also solves CAPTCHAs, those puzzles designed to defeat bots.
 
Canadian Teen Arrested for Heartbleed Hack
One week after the OpenSSL Heartbleed vulnerability was unveiled, Canadian authorities have made the first arrest -- a London, Ontario teenager -- connected to exploiting the security hole.
 
IBM Offers Security, Disaster Recovery as SoftLayer Service
New disaster recovery and security services for SoftLayer clients are being added by IBM. Big Blue said the new capabilities will speed cloud adoption by alleviating concern over business continuity.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
Google Glass may find its first markets in verticals in which hands-free access to data is a boon. Medicine is among the most prominent of those, as seen in a number of Glass experiments under way.
 

Mobile Technology Spotlight
Google Releases Chrome Remote Desktop App for Android
You're out on a sales call, and use your Android mobile device to grab a file you have back at the office on your desktop. That's a bit easier now with Google's Chrome Remote Desktop app for Android.
 
Amazon 3D Smartphone Pics Leaked
E-commerce giant Amazon is reportedly set to launch a smartphone after years of development. Photos of the phone, which may feature a unique 3D interface, were leaked by tech pub BGR.
 
Zebra Tech Buys Motorola Enterprise for $3.45B
Weeks after Lenovo bought Motorola Mobility’s assets from Google for $2.91 billion, Zebra Technologies is throwing down $3.45 billion for Motorola’s Enterprise business in an all-cash deal.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | Small Business | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.