Samsung Racks up Record Profit Thanks to Galaxy S III, Galaxy Note II
January 8, 2013 9:17 AM
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Samsung looks forward to a big 2013
Samsung has announced that it expects to earn record profit of $8.3 billion in its most recent quarter. This marks five straight record quarters in a row for Samsung. However, Samsung's record-setting run could unravel in the quarter that ends in March of 2013 due to weaker seasonal demand reports
"Investors are a bit concerned that Samsung's momentum may slow in the first half. The smartphone market is unlikely to sustain its strong growth as advanced markets are nearing saturation despite growth in emerging countries," said Kim Sung-soo, a fund manager at LS Asset Management.
Samsung continues to
outpace its closest rival
, Apple, despite the launch of the iPhone 5. Samsung has seen continued strong sales from the
Galaxy S III
and Galaxy Note II during Q4.
Galaxy Note II
does report, however, that shipments of Samsung's Galaxy S III smartphone are likely to have slipped to around 15 million units in the current quarter from 18 million in the quarter that spanned July through September. Analysts believe that the Galaxy Note II sold around 8 million units during the same timeframe.
Samsung predicts that it will increase it smartphone sales by more than one third this year and widen its lead over Apple even further. Samsung predicts it will sell
390 million smartphones in 2013
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1/10/2013 3:22:50 PM
Prices do come down but not for the leading edge stuff. Once other companies start making the products months later, you see the competition driving the lower prices.
Now if you're talking about cutting edge stuff or new gadgets and widget or whatever, you're always going to be paying a premium to have the latest or to showoff to the rest of the block.
When Google jumped into the fray with its own Nexus line, a lot of people jumped at the chance to get some good tech at a lot cheaper prices, and I don't see them squawking about the cost though a lot of people did squawk about missing things but that's the price you pay, you want something better or with more features then there are options at higher costs.
I look at it as there are many, many options available for the consumers, you want cheap go for devices with less features or not cutting edge, those are available, you want features be willing to pay for it.
I don't even own a smartphone, just a regular non-texting cell phone. I'm just doing research until I'm ready to take the plunge or need to update my daughter's smartphone. Oh yeah, I bought my daughter's smartphone for $50 from a co-worker and that was worth it.
"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer
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