As part of its annual report, Korean electronics giant Samsung has revealed that income from its telecoms business rose sevenfold to around 990 billion won ($856 million) in the last financial quarter.

Samsung said the rise in income was driven by a 31 percent increase in mobile shipments, a record 68.8 million units having hit retail across the globe in Q4.

Such a sharp increase in sales will no doubt give the Asian giant much hope for the rest of its mobile ventures in 2010. Samsung recently announced its intention to roll out its own open development platform – bada – across its handsets in the months to come.

Bada-boom

Bada has been designed to help studios seamlessly integrate social networking elements, sensor-based controls and Flash video into their apps.

Due to hit the company's mid-range mobiles in the first half of the year, Samsung recently launched a dedicated website for the platform - bada Developers – giving studios an insight into the features they can expect to incorporate into their titles when it officially debuts this March.

The corporation has also predicted it'll top the 40 million smartphones it managed to shift globally in 2009 over the course of the next twelve months.

The success of its telecoms business is part of a wider sales boom for the company, however.

Samsung's annual profits jumped 75 percent to a five-year high of 9.7 trillion won ($8.3 billion).