Latest in Earnings

Image credit:

Samsung 2011 Q4 earnings official: $42 billion in sales, $4.7 billion operating profit

61 Shares
Share
Tweet
Share
Save

Sponsored Links

It might not be making as much money as the competition in Cupertino, but that doesn't mean Samsung isn't raking in cash at an astonishing clip. We reported earnings estimates a few weeks ago, but now it's official that the firm posted a 5.3 trillion won ($4.7 billion) operating profit in Q4 2011. That represents over a 2 trillion won ($1.8 billion) increase year over year. In all, it pulled in 47.3 trillion won ($42 billion) in sales, thanks in no small part to the over 300 million phones Sammy sold last year. While mobile accounted for roughly 40 percent of company sales and half of its operating profit (2.6 trillion won, or $2.3 billion), its semiconductor business did almost as well, raking in 2.3 trillion won ($2 billion) in profit over the same period. Samsung's Display Panel business outperformed 2010 -- buoyed by strong sales in LED televisions -- as sales were up almost 20 percent, to 8.55 trillion won ($7.6 billion).

Well the call just finished up, and Sammy provided some prognosication for 2012. It anticipates the mobile business to continue to grow, with LTE and and new market segments (read: Galaxy Note) helping drive sales. TV sales are also expected to remain on the uptick, as Samsung anticipates demand to continue growing due in part to the London Olympics and roll-out of more Smart TVs. Feel free to check out all the numbers giving Samsung reason for its optimism at the source link below.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
61 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Amazon rolls out a cash payment option for online orders in the US

Amazon rolls out a cash payment option for online orders in the US

View
Apple will use recycled rare earth metals in the iPhone's Taptic Engine

Apple will use recycled rare earth metals in the iPhone's Taptic Engine

View
Xfinity internet-only customers now get the Flex streaming platform for free

Xfinity internet-only customers now get the Flex streaming platform for free

View
YouTube is bringing a big, ugly ad banner to its TV app's home screen

YouTube is bringing a big, ugly ad banner to its TV app's home screen

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr