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January 8, 2013

Samsung expects to post $8.3bn operating profit in Q4

Galaxy Note II sales to drive the profit

By CBR Staff Writer

Samsung Electronics expects to post an operating profit of $8.3bn in the fourth quarter of 2012.

Samsung fourth-quarter sales are expected to be above $51.8bn compared with $44.48m a year earlier.

Samsung will release its full earnings report which include net profit and breakdown figures for each business division later this month.

The launch of Galaxy Note II in September 2012 helped Samsung retain its leading position during the Christmas holiday season, despite stiff competition from Apple releasing the iPhone 5.

Analysts expect Samsung’s mobile business to account for 65% of its total operating profit for the quarter.

According to Strategy Analytics, Samsung is expected to widen its gap with Apple in worldwide smartphone sales in 2013 with an increase of 35%, mainly supported by its expanded product line up.

Recently, Samsung was reported as the handset manufacturer with the highest market share of 26.9%, an increase of 1.2% compared to August 2012.

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As Samsung expects to launch Galaxy IV in the second quarter of this year, it hopes to continue to retain its lead in smartphone shipments.

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