Samsung reports record profits of $8.3 billion thanks to the Galaxy line up

January 8, 2013
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samsung
There is no doubt that 2012 was Samsung’s year in the smartphone world. Their Galaxy S III was an instant hit that’s still posting great sales number to date. The Galaxy Note II was a successful venture into the phablet market. While Samsung does produce a lot of electronics, their highest sellers in 2012 was undoubtedly their Galaxy line up. One simply didn’t hear anyone say anything about Samsung refrigerators. It was all smartphones.

The success was so great, that Samsung made a record profit of $8.3 billion in Q4 2012. After five consecutive quarters of record profits, it’s no surprise that Samsung posted record profits once again. Especially given that Q4 is where the holiday season sits and most companies post their best profits during that time of the year.

Still, $8.3 billion in just a few months is ridiculous. According to Reuters, it was because the Galaxy line up of smartphones did so well. How well did they do? The Galaxy S III outsold the iPhone 4S, making it the world’s highest selling smartphone. The Galaxy Note II shipped 8 million units. It also probably helped that the iPhone 5 didn’t live up to the hype.

Can Samsung keep it up?

According to Reuters, probably not. The Galaxy S III and Note II craze is pretty much over. Samsung is expected to release the Galaxy S 4 soon, but that won’t be until Q2 of this year. Since the holidays are over and things have kind of cooled down, it’s likely that Samsung won’t be posting record profits for Q1 2013. Keep an eye out for Q2, though, as the Galaxy S 4 will likely be a super hit.

The question is will Samsung be able to keep it up in 2013, or do can other OEMs figure out a way to take a piece of that sweet smartphone pie. Let us know what you think.

Comments

  • mjolnirxz

    well if HTC’s m7 has removable battery and sd slot then no samsung probably will have a much more difficult time.

  • http://www.facebook.com/georgealexiouvalentey George Av

    “According to Reuters, probably not. The Galaxy S III and Note II craze is pretty much over. Samsung is expected to release the Galaxy S 4 soon, but that won’t be until Q2 of this year. Since the holidays are over and things have kind of cooled down, it’s likely that Samsung won’t be posting record profits for Q1 2013. Keep an eye out for Q2, though, as the Galaxy S 4 will likely be a super hit.

    The question is will Samsung be able to keep it up in 2013, or do can other OEMs figure out a way to take a piece of that sweet smartphone pie. Let us know what you think.” is this the same fucking idiot that reported that the iphone 5 would be a total rocket and sell 200 million by the end of 2012? USE common sense Joe, Samsung will keep this up and will grow to be in Apples place (with out the bullshit) have you seen the phones at CES so far? they will all be a total flop!!!! 3 years ago everyone wanted a Iphone, now everyone want’s a Samsung.

    • JosephHindy

      Are you talking about me or the guy from Reuters? Because I predicted (correctly) that the iPhone 5 would be a flop lol.

      But do keep in mind that during the year of HTC, that everyone said that HTC would never fall…then it did.

      • What Now?

        I hate to break it to you but iPhone 5 is light years away from being a flop. Either that or you consider every Android smartphone in history, present, and future even worse than a flop.

        • JosephHindy

          Song Myung-sub, an analyst at HI Investment & Securities called it, more or less, a flop. He used the word “disappointing”, but they are practically synonymous terms. The Galaxy S3 is the world’s highest selling smartphone according to Reuters, a trusted source. Other studies, like those done by Kantar (who says the iPhone sold more), have data sets of 20,000 people, which doesn’t mean squat in a data pool of 300 million people (in the US alone) or the world (several billion). So those studies can’t really be trusted can they?

          So yes, the iPhone 5 didn’t meet expectations, which is the primary characteristic of a flop and the Galaxy S3 is, in fact, the highest selling smartphone world wide. Check my source links.

      • clearzero

        Something is off here. It says that the sg3 outsold the 4s. I would hope so. It doesn’t say it outsold the 5 and it hasn’t. What hype does the iPhone need to live up to? Each new phone sells more than the last one. The mere fact that all these numbers are compared to what Apple is doing shows you who is on top.

      • http://www.facebook.com/georgealexiouvalentey George Av

        HTC didn’t have a year, they have never sold more than 2 million phones.

  • Apple

    After i got a bigger screen i didnt even wun to touch my Iphone 5 anymore ..Iphone 5 r losing ground …bfore tat they have the Asia market and following they r losing ground in England…The market is over for Iphone if Tim wont come up some new phone .. .Iphone 5 is like a classic car got a solid body but not sporty enough,,,android huge, sporty n can use as all in one phone..watch movie & etcs …Apple says they dont wun a bigger screen phone .Face the reality , android are taking the world …

    • http://twitter.com/alexN350z Alex Zhao

      Apple made many mistakes of iPhone 4s and 5 design in order to increase profit margin. No surprise they lost market share to Samsung, but still have 60% – 70% profit . Currently Samsung is the only winner in Android party, but no one stay on top forever. Especially, Google don’t want to see one manufacturer grow too big that become hard to control that they may release their own OS.

  • techy

    (3 years ago everyone wanted a Iphone, now everyone want’s a Samsung)
    mi love how yo put it, cause its true.

  • issam mohamed

    In 2013 a lot of companies coming with high end phones, which will probably affect Samsung profit next Q’s.