Vladimír Urbánek (Kurzy.cz)
World markets  |  October 26, 2012 11:46:51

Samsung 3Q results beat estimates, among other things thanks to the Galaxy

World leader in the production and sales of TV and smart mobile phones, the South Korean company Samsung 3Q of this year showed a net profit of 6.56 trillion won = about 6 mld.USD, which exceeded market expectations settings in this respect at around 6.25 trillion won.
Operating profit increased year on year by 91% to 8.12 trillion won.
Total sales increased in Q3 by 26% to 52.18 trillion won and represented a full 19% of the GDP of South Korea.

Mobile phone division reported sales growth due to the success of Galaxy SIII models and Note II. Its operating profit more than doubled to 5.63 trillion won, beating market expectations which set an average of 5.42 trillion.
Division revenue increased by 66% to 29.92 trillion won.

Estimates in 3Q Samsung said the market total 57.7 million smart mobile phones compared to 50.5 million in 2Q. Sales flagship model Galaxy SIII, which is the main competitor of the new iPhone 5 from Apple in the first 100 days since its launch exceeded 20 million units.

Semiconductor division profit in Q3 fell to 1.15 trillion won compared with 1.59 trillion in 2Q. Market estimated profit of 1.16 trillion. The average price of DRAM memory reference dropped to 84 cents compared to $ 1.08 in Q3 last year. The company announced that it is trying to diversify its product portfolio in this division towards more profitable sectors, which means primarily towards mobile telecommunications.

Divisions recorded in 3Q displays significant improvement when operating profit was 1.09 trillion won level against a loss of 90 billion won in 3Q11. The market in this respect, expected a profit of 900 billion. The proportion of displays for mobile phones and tablets is approximately 60% of total production.

The division recorded TV in 3Q operating profit of 430 billion won, which represents an annual growth of about 40%. Revenues rose slightly to 11.6 trillion won.

According to research firm Gartner, global PC sales in Q3 declined by 8.3% to 87.5 million units. TV sales fell by 8%.

Shares of Samsung apparently in response to Apple's future earnings disappointment fell by 2%. Since the beginning of the title attributed to appreciation of 22%.
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Výsledky Samsungu ve 3Q překonaly odhady mimo jiné také díky Galaxy

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