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Samsung racks up record $8.3 billion Q4 profit as sales approach 500 handsets per minute

Samsung Q4 2012 Earnings

As other vendors struggle, Samsung (005930) continues to make selling Android smartphones look easy as it narrows the profit gap with chief rival Apple (AAPL). The company released preliminary unaudited earnings estimates for the fourth quarter on Tuesday, and it expects to post record sales and profit when it reports Q4 2012 later this month. Samsung estimates that it earned a staggering $8.3 billion on sales of up to $53.6 billion. The company said it sold close to 500 handsets per minute in the fourth quarter, suggeting that total combined smartphone and feature phone sales may have approached 65 million units in the quarter.

Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.

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