Underlining its position as the top smartphone vendor, Samsung (005930.KS) has announced its preliminary Q4 figures.
Sales across its entire business - ranging from shipbuilding and construction to phones, and components such as chips, DRAM and displays - during the three month period were estimated at 47 trillion won (around $40.5 billion).
Operating profit was 5.2 trillion Won (around $4.5 billion), with a margin of error of +/- $170 million.
This includes some one-off items such as the sale of its hard drive business to Seagate for $1.4 billion.
The company will provide finalised figures later in January, which will break out individual divisions such as Samsung Electronics, which contains its phone operations.
Galaxy superstar
Smartphones are currently the most profitable part of Samsung's business.
The company is expected to have shipped around 35 million smartphones during Q4, with some analysts predicting it could sell 170 million units during 2012. It's thought it shipped around 95 million devices in 2011.
"As expectations for Apple to continue its innovation trail is receding a bit, this will be the year when Samsung solidifies its commanding lead in the smartphone market," said Kim Yun-sang, a fund manager at IBK Asset Management, which owns Samsung stock.
[source: Reuters]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Interview
Apr 9th, 2024
Saga CEO Rebecca Liao on the launch of publishing division and mass market web3 games
Top Stories
News
8 hours, 7 minutes ago
Cécile Russeil takes the helm at Ubisoft as EVP of comms, DEI, HR, and legal
Feature
9 hours, 24 minutes ago
"Gaming in MENA is just starting. Investment will bring more attention to the region and create more opportunities"
Feature
Apr 24th, 2024
48 top mobile games in soft launch: Squad Busters, CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
App Promotion Summit London | Europe | Apr 25th |
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
Feature
Apr 24th, 2024