Samsung records record profits thanks to smartphone sales

Samsung's success in smartphone sales helped the South Korean-based company generate record profiles for the fourth quarter of the calendar year of 2011. The company announced today that it had a billion quarterly operating profit of 5.3 trillion won ($4.7 billion), thanks in part to sales of its Android-powered smartphones such as the Galaxy S II.

While Samsung did not reveal specific shipment or sales numbers for its smartphone lineup, it did say that sales of its smartphones, including the Galaxy Note and the new Galaxy Nexus, "drove up revenue for the year by almost 40 percent compared with the previous year." The company added that "shipments of Samsung smartphones rose by approximately 30 percent in the fourth quarter, compared with the previous quarter."

Reuters reports that according to estimates from research firm Strategy Analytics, Samsung sold 36.5 million smartphones in the fourth quarter of 2011. That would put its sales slightly behind that of Apple, which announced earlier this week that it had sold slightly over 37 million of its iPhone devices in the last quarter.

Samsung added that it will boost its spending in 2012 by nine percent to 25 trillion won ($22 billion) with over half of that money going to the company's chips division.

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12 Comments

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seems like everyone is posting record profits lately *scratches head* MS, Apple, Samsung.... either there is some creative accounting going on or market saturation means nothing

neufuse said,
seems like everyone is posting record profits lately *scratches head* MS, Apple, Samsung.... either there is some creative accounting going on or market saturation means nothing

Well, for example motorola loss 80million over revenues of 3BN. Asus finances did not went so well also , as AMD. Not everyone is winning

Pretty impressive sale stats for a large majority of smartphone manufactures, it'd be interesting to know the drop in sales for dumb phones as a comparison. They obviously take up most of the market but I'm sure they've begun declining.

alexalex said,
$1B+ came from supplying Apple hardware parts :-)

SShh ... don't offend the Apple fanboys, didn't you know Apple magically create every single piece of technology from scratch that goes into their iproducts?

sam232 said,

SShh ... don't offend the Apple fanboys, didn't you know Apple magically create every single piece of technology from scratch that goes into their iproducts?

I would argue that only the Apple haters think that because they are the only ones saying that...

omgben said,

I would argue that only the Apple haters think that because they are the only ones saying that...

Oh how I wish that was true....

alexalex said,
$1B+ came from supplying Apple hardware parts :-)

$1B out of $42B in revenues they had in this quarter came from Apple yep. We dont know about the profits on those chips sold to Apple so cant compare it to $5B profits.

sam232 said,

SShh ... don't offend the Apple fanboys, didn't you know Apple magically create every single piece of technology from scratch that goes into their iproducts?

Ah! Actually He's the apple fanboy...