Skip to main content
Menu
  1. uSwitch.com
  2. News
  3. 2013
  4. January
  5. Samsung posts 76% profit increase, driven by Galaxy S3 sales

Samsung posts 76% profit increase, driven by Galaxy S3 sales

-
Samsung posts 76% profit increase, driven by Galaxy S3 sales

Samsung continued to outpace the Android competition in the last quarter of 2012, figures reveal, with bumper profits and strong smartphone sales adding up to a very rosy outlook for the phone-maker.

The tech giant posted profits of £4.2 billion for the period to December 31st, representing a 76 per cent increase from the year-ago period.

Sales of the Galaxy S3 and its phablet stablemate the Galaxy Note 2 drove the show performance, with the company’s mobile wing’s profits doubling for the quarter.

That meant Samsung retained the title as the world’s biggest smartphone manufacturer, after attaining the honour early in 2012.

Robert Yi, Senior Vice President and Head of Investor Relations at Samsung, said: “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.”

Details of Samsung’s latest showing comes after it emerged that the South Korean company is purportedly targeting a whopping 10 million sales per month of its next flagship phone, the Galaxy S4.

Sign up for updates

Join our email list to get the inside line on the latest phones and money-saving offers. And we’ll help you make informed buying decisions with handset reviews and consumer guides too.

Latest news:

Sign up for updates

Join our email list to get the inside line on the latest phones and money-saving offers. And we’ll help you make informed buying decisions with handset reviews and consumer guides too.

back to top