Samsung sells 500 phones per minute and achieves record profits of 6,300 million

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The South Korean giant plans to obtain a quarterly profit of 8.8 trillion won (about 6.353 million euros), 88.8% more than the same period last year. The company owes this strong pull that has sold over 500 million phones per minute and displays for other devices, like its rival Apple.

Samsung still unstoppable. The South Korean giant, the largest maker of memory chips, mobile phones and televisions, plans to obtain a quarterly profit of 8.8 trillion won (about 6.353 million euros), 88.8% more than the same period last year above. The company owes this strong pull that has sold over 500 million phones per minute and displays for other devices, like its rival Apple.

Between October and December, estimated that Samsung has sold worldwide 15 million smartphones Galaxy S III, its current flagship. A bulky figure but somewhat lower than the previous quarter, when the company shipped 18 million.Samsung has also sold in the last quarter of 2012 a total of eight million of its Galaxy Note II, the terminal that the company has positioned between the smartphone and the tablet and are called phablet. In total, the company has sold about 63 million smartphones.

However, the action of Samsung, which has overtaken Apple in the fourth quarter despite the launch of the iPhone 5, has fallen by 1.1% on Tuesday at the Seoul market. “Investors are somewhat concerned about the momentum of the company to decrease in the first quarter of 2013,” said a fund manager at LS Asset Management, Kim Sung-Soo, reports Reuters.

Samsung, which now has a value close to the 176,000 million, expects to launch its new Galaxy S IV in a few months and still clawing market share in the competitive segment of smartphones, which are growing the size of the screens.

The South Korean multinational takes five consecutive quarters of profit and said it expects to achieve a turnover of 56 trillion won (40.137 million euros) in the last quarter of the year, representing a boost of 18.4% compared to previous year. Samsung, which closed data published on 25 January, also expects operating income of 29.01 trillion won (20.798 million euros) for the full fiscal year and a turnover of 201.5 billion won (144,466 million).

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