Samsung Posts Quarterly Figures, Warns of Smartphone Slowdown
Everyone’s been disclosing their fourth quarter 2012 earnings lately, and now it’s Samsung’s turn to join in. Unsurprisingly, it has some fantastically high numbers to share, but cautions that the sort of growth its smartphone sales have been seeing may not be able to continue at the same pace.
Overall, Samsung pulled in $52.4 billion last quarter, and after factoring-in its expenses, ended up with a net profit of $6.6 billion. It doesn’t break down those figures to specifically show just what came from its smartphone and tablet business, but a separate report from the International Data Corporation gives us a window into just how well it’s doing there.
IDC’s figures show Samsung shipping 63.7 million smartphones last quarter, with Apple accounting for 47.8 million, and Huawei being the only other company to break the 10 million mark, selling 10.8 million smartphones itself. That gives Samsung a 29% share of the market.
Despite these good times, Samsung warns that it expects smartphone demand to start cooling off in 2013. While overall growth may slow, the company points to sales of low-to-mid-range devices in developing markets and sales of LTE models to customers wishing to upgrade to the latest tech as two areas that should still have the potential for expansion.