| Samsung 2011 Q4 earnings official: $42 billion in sales, $4.7 billion operating profit Jan 26th 2012, 23:37 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. Samsung 2011 Q4 earnings official: $42 billion in sales, $4.7 billion operating profit originally appeared on Engadget on Thu, 26 Jan 2012 19:37:00 EDT. Please see our terms for use of feeds. Permalink |  Samsung (PDF) | Email this | Comments | | Listen to the Engadget Mobile Podcast with special guest CrackBerry Kevin, Friday at 5PM ET! Jan 26th 2012, 23:00 A lot of Canada news this week, which is why three of the four podcasters behind the mic today are from the land up north: international man of mystery Sean Cooper, Myriam Joire (yep, she's got some Canadian blood in her) and our special guest Kevin Michaluk -- also known to millions as CrackBerry Kevin. Brad Molen's here too, and while he's admittedly all US of A through and through, he can still say "eh" like the best of 'em. We kid, of course, but we're serious that we want you to join us tomorrow afternoon at 5PM ET! Note: Oh, and there's plenty of other stuff to talk about as well, so if RIM isn't your schtick, you'll probably still find it of interest. As always, send your questions to us via Twitter (@ engadgetmobile) and we'll pick some out to answer. January 27, 2012 5:00 PM ESTListen to the Engadget Mobile Podcast with special guest CrackBerry Kevin, Friday at 5PM ET! originally appeared on Engadget on Thu, 26 Jan 2012 19:00:00 EDT. Please see our terms for use of feeds. Permalink | | Email this | Comments | |
