Samsung ships 35M smartphones in Q4 makes record profit
Samsung has posted its preliminary Q4 financial report and things are looking great for the Korean company. Thanks to the extremely strong performance of its mobile division, Samsung recorded an operating profit of $4.5 billion, which is an amazing 73% higher than the operating profit for Q4 of 2010.
During the past three months Samsung shipped about 35 million smartphones, a 25% increase over the previous quarter and a new record for the company. The strong performance of the Galaxy lineup is the key to this success and Samsung expects to see more of the same in future.
In fact the Samsung handset division is now the conglomerate’s biggest earner.
The Koreans expect to solidify their position as the world’s number 1 smartphone maker in 2012 as they expects that Apple won’t be able to maintain its level of innovation and will start to fall back.
What’s even more, Samsung expects to end the first quarter of 2012 with about the same operating profit as the last quarter of 2011. Typically, electronic companies experience a dip in sales and profits after the holiday season, but this time the profit will remain at a similar level.
We are yet to see what Samsung has in store for us in the first few months of the New Year. The company already unveiled the Galaxy Ace Plus (which we already welcomed to the office) and Galaxy M Style and things will certainly get even more interesting at CES next week and the MWC next month.
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