Samsung Has Doubled Revenue

Korean Samsung has had huge success with their Galaxy models and even doubled earnings in Q4 compared to 2011.

The Korean electronics giant Samsung, has just now great success with their Galaxy smartphones and servant rushing with money, but they foresee an increased competition from cheaper smartphones.

Samsung has in the fourth quarter 2012 doubled earnings compared to the same quarter of 2011. It writes our site.

2012 was also the year when Samsung overtook Nokia and was the world’s largest mobile phone manufacturer.

Their profits have increased by 88 percent to 8.3 billion u.s. dollars and revenue by 18 percent to 52.4 billion u.s. dollars.

Samsung stock fell by 1 percent after the accounting message, which is probably due to that also was warning tones from Samsung. That also predicts an increased price competition in 2013, among others from Huawei.

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