Samsung Made An Impressive Revenue Of 201 Trillion Won ($188.14 Billion) In 2012, Announces Q4 2012 Financials
A couple of days ago we told you that Apple had another record breaking quarter and raked in a revenue of $54.5 billion and a profit of $13.1 billion. Yesterday Samsung reported its Q4 2012 financials and they were almost on par with Apple, considering they are in almost every conceivable market in the tech industry however, this is less impressive. Regardless, let’s look at some Sammy stats.
Samsung announced a consolidated operating profit of 8.84 trillion won, which ends up being around $8.27 billion, and 56.06 trillion won (roughly $52.45 billion) in revenue. Just like Apple, these numbers are slightly higher than internal predictions. What becomes really impressive is when you look at the year-over-growth that Samsung saw. The profit represents an increase of 10 percent over the previous quarter — and a staggering 89.3 percent increase over the same time last year.
I am sure you can already guess that one of the biggest contender in pushing Samsung to new heights this year was its mobile business. The Korean company cited robust sales of both the Galaxy S II and Galaxy Note II as the key drivers in its smartphone performance. One can’t forget about its semiconductor devision as well, which saw some serious growth this year.
Samsung did warn that it expects earnings to fall in 2013 due to seasonality and also being affected by the “dynamic shift” that is underway in the IT industry. The Korean company definitely had an impressive year to say the least and overall had an operating profit of 29.05 trillion won ($27.18 billion) on revenue of 201.10 trillion won ($188.14 billion).