More great news for mobile giant Samsung: quarterly profits for the world leader in mobile phone and memory chip sales have gone up for the fifth consecutive quarter.
Sales for Samsung rose to 8.1 billion in the fourth quarter of 2012 largely on the back of its Galaxy line of smartphones sales performance. In that period, Reuters estimates that the Koreans sold close to 500 handsets every minute.
Despite it being a traditionally weak sales period, earnings could grow yet again in the first quarter of 2013 due to increasing chip prices. Another reason that sales may see another quarterly increase is the possibility that Samsung may release the next version of its Galaxy S in the first quarter.
Samsung’s record sales streak has been lead by the growing popularity of its flagship phone lines, the Galaxy S3, which overtook the iPhone 4S in the third quarter to become the world’s best-selling smartphone, and the Galaxy Note 2.
Not to be overlooked is the sheer number of phone models being released by the Korean electronics giant. Samsung released no fewer than 37 phone variants to the market in 2012, compared to only 18 for HTC and, of course, only one for Apple.
Samsung’s growth is expected to continue to balloon in 2013. Market research firm Strategic Analytics forecasts that the number of Samsung smartphones sold will increase from 215 million in 2012 to 290 million in 2013. For comparison, Apple is expected to sell 180 million iPhones in 2013, up from last year’s 135 million.
Like this post? Share it!
500 smartphones were bought while writing this comment! LOL
(365 days / 4 qts) * 24 hours * 60 minutes * 500 phones = 65,700,000 Phone. Am I close?
Sad times when such awful companies like Apple and Samsung are in the total lead. C’mon Google, why your Nexus line isn’t there? :(
It will soon be harder for *EVERY* cell phone manufacturer to make a profit. 2013 will really usher in the flood of cheap Chinese cellphones. Everyone’s margins will be threatened/cut…Samsung, LG, HTC, Motorola, ASUS, etc.. I mean how does a manufacturer differentiate themselves when *MOST* Android fans want phones with stock Android?!
If one company would offer you the Chinese equivalent hardware of a Samsung Galaxy S3 for $300 less….I imagine most people would take Chinese version because of the economics.
The only winner will be Google as all the phones will still use their services. Samsung may be able to avoid the carnage this year…but even their profit margins will eventually be threatened.
That’s what I see. Am I wrong here?