Galaxy Boosting the Profit of Samsung

Galaxy Boosting the Profit of Samsung. Samsung Electronics said profits soared 76% in the last three months of 2012, boosted by smart phone Galaxy.

Gross revenues to a record 7.04 trillion won (about 6.6 billion U.S. dollars), up from 4.01 trillion won in the same period the previous year.

South Korean industrial giant said profit was achieved phones increased more than two fold.

Last year, Samsung became the largest smart phone manufacturer in the world, beating Apple's main rival.

They did not announce data on smartphones sales but analysts estimate the number reached 63 million in the last quarter of 2012.

The news comes after Thursday (24/1) Apple shares fell to 12% in the U.S. market because of concerns Apple lose excellence in the smart phone market.

Although Apple's revenue increased 18% to 54.5 billion U.S. dollars, but offer the market was disappointed with the sales of the iPhone 5, which is considered not in line with expectations.

Some weakening market

Sales of Samsung mobile phone-an estimated one-quarter of total mobile phones in the world-generate a profit of 5.44 trillion won, up from 2.56 trillion won.

Besides Samsung monitor display unit also began to record profits after a suffering a loss the previous year.

Sales advanced display and organic light-emitting diodes; OLED is used also on the phone Galaxy-increased rapidly.

However Samsung said the competition in the smart phone market in 2013 will lead to weaker demand in several areas.

"In the first quarter, demand for smart phones in developed countries is expected to decline, while the developing countries will witness increased market with more affordable smart phones and tablet computers will desire throughout the year," as recorded in the financial statements Samsung.

Apple and Samsung are both facing competition from cheap smart phone manufacturers in certain countries, such as China.

Galaxy Boosting the Profit of Samsung