Samsung has released its financial results for the final quarter of 2012, and the company had an operating profit of 8.4 trillion won, about $8 billion on total turnover of 56 trillion won.
Samsung’s mobile division seems to have been the best performing with a turnover f 27.23 trillion won, which is up 4 percent over the previous quarter, they also said that their growth was driven by strong sales of their Galaxy S3 and Galaxy Note II devices.
“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, Senior Vice President and Head of Investor Relations.
“Heading into this year, we are expecting a slow recovery in the component business due to reduced capital expenditures, while competition in the set business will intensify further as demand slows and the mid- to low-end market expands,” he added. Mr. Yi also expressed caution over the continued strength of the Korean won in 2013.
With the new Samsung Galaxy S4 rumored to be launching in April, we are expecting Samsung to have an even better year in 2013.
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