Samsung Friday released Q4 2011 earnings, reporting record earnings, with operating profit of $4.72 billion on sales of $42 billion. On the mobile side, smartphone shipments totaled a record 35 million units, and accounted for40% of the company’s sales. Samsung lost the top smartphone spot to Apple, which sold 37 million iPhones in the quarter.
According to Fierce Wireless Samsung shipped a total of 95 million total handsets in the fourth quarter, up from 80.7 million in the year-ago period, and placing it second behind Nokia’s 113.5 million, and ahead of Apple’s 37 million. For the year, the placements were the same, with Nokia on top at 417 million, Samsung second at 327 million, and Apple third at 93 million.
Looking forward, Samsung anticipates lots of LTE in 2012, and new market segments such as the Note. Samsung said it expects the overall handset market to increase by close to 10%, and smartphones to grow 30 percent over 2011.
Source: Engadget – Fierce Wireless and Samsung
Mickey Papillon
Joey Koppes
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