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Samsung reports higher profits in Q4 2011

Samsung is doing pretty well in getting its smartphones out to the public. Today Reuters reports that according to its prelimiary figures the South Korean-based company will generate a profit of 5.2 trillion won ($4.5 billion) for the fourth quarter of 2011. The final financial results will be revealed in the coming weeks. The results were better than expected from financial analysts.

Samsung was already named as the world's best selling smartphone maker over Apple a few months ago. In December it announced it had already sold 300 million mobile phones (both feature and smartphone) in 2011 worldwide.

It is predicted that the company sold 35 million smartphones in the fourth quarter of 2011. Much of that success has come from sales of Samsung's Galaxy S and Galaxy S II products which have used Android 2.3 as its operating system. There are rumors that the Galaxy S III could be announced in February.

All in all it seems that Samsung is in the driver's seat as far as offering consumers an alternative to Apple's iPhone products. Earlier today HTC and Motorola, which also sell Android-based smartphones, reported lower than expected earnings for the fourth quarter.

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