Samsung expects record US$8.3 billion Q4 profit thanks to mobile phones

Samsung Electronics yesterday delivered its fiscal year 2012 Q4 earnings guidance. The company expects sales to reach 56 trillion Korean Won (about US$5.27 billion) with profits to come in at 8.8 trillion Won (about US$8.3 billion). This would be yet another record, the latest in a string of five record quarters.

Much of this success is attributed to mobile devices and components for these. Samsung said that it sold close to 500 handsets a minute during the quarter. If so, Samsung mobile phone (smartphones and feature phones) sales could top 65 million units for the quarter.

According to Reuters, Samsung launched more smartphone models than its competitors. It released 37 smartphone models (including variants for different markets). In comparison, LG launched 24, HTC a further 18, Nokia 9, and Apple only one, the iPhone 5.

Samsung has even more ambitious goals for 2013. It is looking to ship 510 million mobile phones in 2013.

Samsung will release its full earnings report by January 25.

Read more: Samsung and Reuters