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
May 4th, 2024
PocketGamer.biz Podcast Week in Views E10 - Brawl Stars smashes 2023 revenue, Square Enix’s extraordinary losses, and Haaland signs for Clash of Clans
News
May 3rd, 2024
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
News
May 3rd, 2024
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
News
May 3rd, 2024
Mobile Movers: All the latest appointments and job moves from around the industry
Events
LA Games Conference 2024 | North America | May 6th |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Develop: Brighton 2024 | Europe | Jul 9th |