Samsung has today announced its estimated earnings for Q1 2013, and it looks like the Korean electronics giant is set for another record quarter, exceeding Wall Street expectations. The company has forecast a 53% rise in profit to 8.7 trillion won ($7.7 billion) for the three-month period between January and March, driven by smartphone sales.
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Google just announced its earnings for Q4 2012, and guess what? They made a ton of money. We’re shocked.
Actually, Q4 2012 was really great for Google. The company earned $14.4 billion in revenue, which is 36% better than what they did last year. While we tend to think of Google as an American company, only $5.99 billion of that revenue came from the U.S. while the rest was made in international markets.
A day after AT&T announced its “best-ever” quarter for smartphone sales, rival operator Verizon Wireless is doing exactly the same thing. The carrier has announced that it expects to have reached a record 9.8 million sales during the fourth quarter of 2012, and it’s attributing that success to the popularity of the iPhone.
AT&T will announce its earnings for the fourth quarter of 2012 later this month, but the carrier has today confirmed that the quarter saw its “best-ever” sales of both Android and iOS devices. More than 10 million smartphones were sold during the three-month period, with an average of more than 110,000 smartphone sales a day.
It seems financial printer RR Donnelley made one hell of mistake earlier today, causing Google’s stock to drop 9% before Google was able to halt trading. What did they do? They filed an early draft of Google’s earnings without authorization.
There’s no question Samsung has been the dominant force in the Android world. They’ve managed to nail multiple Nexus devices, and even managed to convince the world it needed a phablet. So it came as no surprise when Samsung announced record Q1 profits for 2012. Samsung pulled in nearly $40 billion in sales and a record $5.1 billion in operating profit (around $4.46 billion after taxes). Samsung has its mobile division to thank for the strong showing as it accounted for 78% of their profits. Samsung is banking on their upcoming Samsung Galaxy S III to push profits even higher in Q2 and they’re already saying it will be “our most successful smartphone ever.”
Google has released its Q1 2012 revenue earnings — and business is good! Revenue for Q1 2012 came in at $10.65 billion, up 24% from Q1 2011. Overall, the majority of revenue avenues saw growth despite Google’s willingness to explore risky projects. Google ended up with a hefty $49.3 billion cash on hand and looks to continue growing that stockpile as they move forward in the year. In the earnings call today, Larry Page talked mostly about their dedication to the long-term and points out how many of their projects don’t reach critical mass for quite a few years. For example, Larry points out that he’s been working on Android for 6 years and it wasn’t until the past 3 years that Android has begun to really explode.
Google Announces Q4 Earnings: Over 250 Million Android Devices Activated, Over 11 Billion App Downloads
Google released their Q4 earnings today, and while the money side of things is good, with $2.71 billion in profit on $8.13 billion in revenue, I’m sure you’re more concerned about Android than you are money — right? Even if you’re not, I’m going to share with you some Android numbers being thrown around to give you a better idea of how well Android is doing, and how well it continues to grow.