Samsung has announced their financial results for the last quarter in 2012, and they beat all estimates -- even their own. The electronics group posted an operating profit of 8.84 trillion Won ( that's about 8.27 billion US dollars), on 56.06 trillion Won (about 52.45 billion US dollars) in revenue. That's a 10-percent increase in profit over the Q3 2012 earnings, and almost a 90-percent jump year-over-year. Total profits for 2012 came in at 29.05 trillion Won (about 27.2 billion US dollars), on a total revenue of 201.10 trillion Won (approximately 188.15 billion US dollars). In addition, Samsung spent 2.96 trillion Won (about 2.76 billion US dollars) on research and development over the quarter.
That's a whole lot of cash.
Of course, much of this profit comes from smartphone sales, and with Samsung that means Android. By getting product into the hands of people who want it, Samsung has made more money from Android in one quarter than Google did with all their products and services. We don't see this slowing down anytime soon, and imagine a new crop of Samsung mobile products will set the stage for similar numbers next year. Hit the link for the full financial results.
Source: Samsung (pdf)
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Bar Refaeli
Malin Akerman
Mila Kunis
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