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January 25, 2013 12:30 am EST

Samsung reports $8.27 billion in profits for Q4 2012

As Samsung predicted, Q4 2012 was another big one for the company with 8.84 trillion won ($8.27 billion) in operating profits, around double what it reported for the same period back in 2011. Revenue was also up, showing a gain of 18.5 percent from the same period last year. The company reported "strong" sales of its tablets and smartphones, specifically calling out the Galaxy Note II which was last seen crashing through the 5 million sold mark. For its TVs, Samsung claimed overall demand was flat from last year, however a focus on higher end LED models drove higher profits. For the future, Samsung sees the 60-inch and higher market growing in 2013, however Q1 sales are expected to be slow before the new models are introduced. Hit the source link to check out the PDF yourself, we're still digging through the report and listening in on its conference call but we should have more information soon.

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Source: Samsung Q4 2012 earnings


Original Link: http://www.engadget.com/2013/01/24/samsung-q4-2012-earnings/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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