Friday 25 January 2013

Samsung smartphone sales touch 63 million in Q4: Report

Samsung Electronics, the world's top handset maker, sold 63 million smartphones in the fourth quarter and commanded a 29 percent share of the global smartphone market, a report by research firm Strategy Analytics showed on Friday.

In 2012, Samsung sold 213 million smartphones with a 30 percent market share, followed by Apple, which sold 135.8 million iPhones with a 19 percent market share, the report said.

The company said in Friday's earnings call that net profit soared 75.6 per cent to a record 7.04 trillion won ($6.6 billion) in the fourth quarter of 2012, driven by strong smartphone and memory chip sales.

The world's largest technology firm by revenue and top smartphone maker also saw a record operating profit in October-December of 8.84 trillion won, up 89.7 per cent from a year earlier.

The figures were largely in line with Samsung's guidance released earlier this month.

For all of 2012, Samsung logged a net profit of 23.8 trillion won, with revenue and operating income reaching 201.1 trillion won and 29.05 trillion won respectively.

The company said growth in the fourth quarter was mainly driven by "solid sales" of its flagship Galaxy S3 and Galaxy Note 2 smartphones.

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