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Friday, 27 January 2012 |
Samsung is definitely a mainstream consumer electronics brand-name, and it seems that the company has just released their Q4 earnings reports, which suggest that the company is indeed performing extremely well for the last quarter, 2011. Basically, the company made a whopping $42 billion in sales, which was an increase of $1.8 billion when compared to the previous year, and the bulk of the increase was attributed to the 300 million Samsung phones sold last year. Samsung also recorded an operating profit of $4.7 billion too.
A large bulk of the revenue came from mobile phone sales, in which it accounts for 40% of the revenues generated, and translates to $2.3 billion in operating profit. Samsung’s semiconductor business also fared well, which made $2 billion in profit over the same period. Samsung’s Display Panel business on the other hand, outperformed 2010 statistics, which saw 20% in increase in sales to $7.6 billion in revenue.
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