Samsung Sees Record Q4 Profit Thanks To Smartphone Sales

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Samsung released the numbers related to the last quarter of 2011 and they seem to be at an all-time high. The record Q4 profit was achieved mainly due to record smartphone sales, which grew more than three times compared to the same period of 2010.

The operating profit posted was 5.2 trillion won ($4.5 billion), beating the forecasted 4.7 trillion won ($4.06 billion) and the previous quarter by 22%. There were 35 million smartphones sold in the fourth quarter, which by itself represents a record (compared to the previous quarter, where the company managed to sell 28 million).

The Samsung Galaxy S II, launched at the 2011 MWC, and the Samsung Galaxy Note, launched at the 2011 IFA, are the main devices driving sales numbers. Predictions for 2012 are even more optimistic: 170 million smartphones, according to BNP Paribas and Korea Investment & Securities.

The Korean manufacturer is expected to launch a follow-up to its Galaxy S-line this year in Barcelona — probably following the naming convention for a Galaxy S III — but rumors around a 3D-enabled smartphone, a first for the company, are also present.

Source: Reuters

Via: PhoneArena

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