With handset sales mysteriously absent, Korean giant Samsung has revealed revenues of 47.3 trillion won (around $42.2 billion) in Q4 2011 - a 13 percent increase year-on-year.
Consolidated operating profit came in at 5.3 trillion won equal to around $4.7 billion broadly in line with the firm's preliminary figures for Q4, released earlier in January.
Net profit was pegged at 4 trillion won (around $3.6 billion).
Smartphone star
It's the performance of Samsung's telecommunications business that by the firm's own admission served as the quarterly highlight, however.
Q4 earnings for the division came in at 17.8 trillion won ($15.9 billion), up 52 percent year on year.
Operating profit was a record 2.6 trillion won ($2.3 billion), with Samsung citing "strong sales" of the Galaxy S II and Note.
"Despite intensified competition amid the global economic slowdown, our Telecommunications businesses continued to post solid earnings with an enhanced line-up of high-end smartphones, resulting in higher average selling price (ASP)," said senior VP and head of investor relations Robert Yi.
"Moreover, improved profitability and earnings growth of our Set businesses, including smartphones and flat panel TVs led to our companys strong earnings."
Galaxy gains
Indeed, Samsung's financial release cites the performance of its smartphone devices on more than one occasion, naming them as the main driver behind the firm's full year operating profit of 8.27 trillion won around $7.4 billion.
That's up almost 40 percent on 2010's total, with shipments of the firm's smartphones jumping by 30 percent during Q4 2011.
As stated, however, actual shipment figures have not been published, though analysts have told Reuters they estimate Samsung shipped around 36 million smartphones during the quarter just down on Apple's 37 million during its most recent quarter.
Samsung also neglected to mention the performance of its range of Galaxy Tab tablets, with their roll out currently hampered by several legal tussles with Apple around the globe.
[source: Samsung]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
Interview
Apr 9th, 2024
Saga CEO Rebecca Liao on the launch of publishing division and mass market web3 games
Top Stories
News
2 hours, 40 minutes ago
Final Fantasy VII: Ever Crisis lands first collab as Monster Hunter’s Rathalos swoops in
News
3 hours, 44 minutes ago
Honor of Kings Launches global esports program with teams from around the world
News
7 hours, 40 minutes ago
Honor of Kings garners 3 million pre-registrations ahead of global launch
as
Feature
3 hours, 40 minutes ago
May 2024 mobile game charts: Brawl Stars peaks, Supercell rises, and Dungeon & Fighter Mobile’s big China launch
Feature
7 hours, 45 minutes ago
Hot Five: Squad Busters launches globally, AFK Journey gets innovative, and Juicy Button Games has big plans for 4X strategy genre
Events
Games Mental Health Summit 2024 | Europe | Jun 3rd |
Dev Play Conference 2024 | Europe | Jun 3rd |
Gotland Game Conference 2024 | Nordic | Jun 3rd |
Tribeca Games Festival 2024 | North America | Jun 5th |
Guerrilla Collective 2024 | North America | Jun 6th |
Angles 24 Freeplay Conference | Australasia | Jun 6th |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
PitchYaGame Live 2024 | Jun 7th |