Samsung posts RECORD profits, but execs drip cold sweat over 2013
Samsung urged a note of caution for the future, despite announcing bumper profits for the last three months of 2012. The two big drivers that powered the Korean super-manufacturer to record revenue of 56.06 trillion Korean won ($52.7bn, £33.3bn) at the end of 2012 are showing signs of decelerating. Samsung execs expect cooler …
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When Samsung lost their case against Apple
I said to myself, "self, you should really buy some Samsung shares."
Unfortunately, even though I talk to myself (quite a bit), I rarely listen to what I have to say.
Will
Will they now use some of their record profits to give the workers better conditions and rates of pay and stamp out child labour?
Of course not.
Re: Will
Put all those children out of work? that is cruel....
increasing wages & improving conditions, that makes sense, but is usually down to the factory owners not samsung directly)
Re: Will
Will they now use some of their record profits to give the workers better conditions and rates of pay and stamp out child labour?
They're turning kids into slaves Just to make cheaper sneakers But what's the real cost? 'Cause the sneakers don't seem that much cheaper
Why are we still paying so much for sneakers ? When you got them made by little slaves kids What are your overheads?
(Think about it)
"..execs drip cold sweat over 2013"
Why worry? Just take the money and run.
Android
Better not be yet another Android manufacturer!
I mean, these kind of profits and market domination are entirely unacceptable!
So argue the Nokia/Elop apologists.
Re: Android
It suggests their products are in fact cheap junk (they are pretty flimsy) with over-inflated prices. So they could easily match the price Google wants for the Nexus 4 phone.
Re: Android
@Eadon. Don't you have anything else to do with your life than fill up every bloody thread on theReg with the same old tune.
Re: AC @ 16:28
"It suggests their products are in fact cheap junk (they are pretty flimsy) with over-inflated prices. So they could easily match the price Google wants for the Nexus 4 phone."
The Nexus 4 is once again available in Australia.
For $5 less than a Galaxy S3.
Watch out Samsung, you've got some price cutting to do!
Re: Android
I reckon Eadon knows more than Apple and Microsoft and all the Comp Sci guys combined! I've got no chance against that sort of mighty intelligence...
Apple shares dives at lower revenues.
Hardly surprising that Samsung are forecasting the same.
Hmm...maybe
I think there might be some underestimations here. Yes the loss of Apple and slow downs in the PC markets will take their tolls but NFC and LTE are two technologies that have not been fully realized. The iPhone 5, for example, is the first iPhone with LTE and the Nexus 4 does not have it (leaving room for it on the 5). I think with upgrade cycles, the more affluent global smartphone market will still be moving into new devices with both NFC and LTE. I know I am now at the end of my 2 year contract (U.S.) and am somewhat holding out for the SGS IV. Even if I don't end up with an SGS IV, Sammy is very likely to get my money on the III. That will still move me from a single core, HSPA+ phone to a dual-core, LTE handset.
I think there is still growth to be had in the mobile market. I know plenty of people still using feature phones or very old touch screen devices. Actually, one of the largest barriers in the U.S. is not the phones but the cost of service. Here's hoping the fight between the big four (VZW, ATT, Sprint & TMob) heats up.
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