Samsung makes US $ 42 Billion in Sales and $ 4.7 Billion in operating profit

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Samsung makes US $ 42 Billion in Sales and $ 4.7 Billion in operating profit

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Samsung has released its Q4 results and it shows that the company is headed in the right direction to becoming bigger than ever before. The electronics mammoth company has posted a 5.3 trillion won ($4.7 billion) operating profit in Q4 2011, with a sales revenue of  47.3 trillion won ($42 billion). The major of the chunk of its income is thanks to the impressive smartphone sales by the company , with over 300 million phones sold in 2011.

The earnings also reported that the mobile division stood accountable for 40% in the total earnings, while other major contributors were Samsung Semiconductors and Display divisions with  2.3 trillion won ($2 billion) and 8.55 trillion won ($7.6 billion) in sales respectively. 

Samsung reports that in 2012 the sales from mobile phones will account for 50% of its total revenue considering it  has an impressive lineup coming. Shipments of Samsung’s smartphones jumped 30 percent compared to the previous quarter (holiday quarter). Looking forward, Samsung expects the demand for entry-level smartphones and LTE will grow the smartphone market by more than 30 percent over the year, and the company expects tablet demand to grow as well.

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Bharat Nagpal
Founder and Chief Editor of iGyaan. Bharat likes to keep on top of technology ! Follow Him on Google Plus : Google+