Samsung Q4 earnings: $4.7 billion profit on $42 billion revenue
Samsung announced its Q4 and full year earnings report late last night, and things are looking very good for the South Korean company. During the last quarter of 2011, Samsung generated $42 billion in revenues which resulted in net profits of $4.7 billion. Over the course of the year, Samsung took home over $14.5 billion in profits on revenues of $147 billion.
Although Samsung makes its money from many different sectors, it’s mobile sector accounted for roughly 40% of the company’s sales and over 50% of operating profit ($2.3 billion). Altogether, Samsung sold over 300 million phones this year, with their highly popular Galaxy S and Galaxy S II smartphone selling over 30 million units worldwide.
In 2012, Samsung expects its mobile business to grow. They believe that LTE devices and new devices such as the Galaxy Note will help make 2012 a great year.