Korean tech giant Samsung’s Q2 profit rose to $8.3 billion thanks to popularity of Samsung Galaxy S3 and Galaxy Note 2 besides of course some other top selling handsets
Samsung profits are going higher and higher. The world’s largest smart-phone manufacturer and one of the biggest tech companies in the world, the Korean tech behemoth’s fourth quarter profits soared to $8.3 billion. Samsung must be thanking its stars and also Google’s Android for its present standing in the smart-phone and tech market.
The level of profit must have stunned even Samsung bosses as while Research in Motion, Finland based Nokia and Taiwan based HTC are struggling to find their feet in the very uncertain market, Samsung is surging ahead uninterrupted with its determination to become the top smart-phone and tablet manufacturer in the world. Though in smart-phone segment it has already become the number one, in the tablet segment it has failed to emulate its success in smart-phone. While Apple’s iPad 4 and iPad Mini rule the market, Google’s Nexus 7 and Amazon’s Kindle Fire HD 8.9 have also made a mark in the tab market. But despite all its efforts, Samsung has not been able to hit the jackpot in tablet segment.
Nonetheless it has been able to successfully offset it with its excellence in the smart-phone market with company’s top of the line handsets including Samsung Galaxy S2, Galaxy S3, Galaxy Note and now Galaxy Note 2 besides many very attractive handsets. Samsung Electronics posted amazingly high 88.8 percent rise in operating income for the fourth quarter of 2012. This is better than the best forecast by market analysts. In a preliminary earnings statement filed with the Korean Exchange yesterday, the biggest smart phone manufacturer reported an operating income of 8.8 trillion won or US$8.2 billion.
Samsung’s rise has been made possible thanks to Android based Galaxy smart phones including Samsung Galaxy S2, its present iteration Galaxy S3 and its 5.5 inch phablet Galaxy Note II. Both the last two handsets are still selling in large number and the Korean tech giant is expected to introduce the next generation Galaxy S4 before the end of the 1st quarter or early second quarter of this year. Samsung’s Galaxy S3 has become so much popular that even in the US it beat Apple’s iPhone 4S, its flagship handset in 3rd quarter to become the top selling handset in the US as well.
The Korean tech giant is the market leader in the two biggest smart-phone markets in United States and China. While in the US it controls 26.9 percent market share compared to just 18.5 percent for Apple, in China it is also the top smart-phone player with 14 percent market share.