It might not be making as much money as the competition in Cupertino, but that doesn’t mean Samsung isn’t raking in cash at an astonishing clip. We reported earnings estimates a few weeks ago, but now it’s official that the firm posted a 5.3 trillion won (.7 billion) operating profit in Q4 2011. That represents over a 2 trillion won (.8 billion) increase year over year. In all, it pulled in 47.3 trillion won ( billion) in sales, thanks in no small part to the over 300 million phones Sammy sold last year. While mobile accounted for roughly 40 percent of company sales and half of its operating profit (2.6 trillion won, or .3 billion), its semiconductor business did almost as well, raking in 2.3 trillion won ( billion) in profit over the same period. Samsung’s Display Panel business outperformed 2010 — buoyed by strong sales in LED televisions — as sales were up almost 20 percent, to 8.55 trillion won (.6 billion).
Samsung 2011 Q4 earnings official: billion in sales, .7 billion operating profit originally appeared on Engadget on Thu, 26 Jan 2012 19:37:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments
Engadget
Google big dog Eric Schmidt covered a lot of ground in his onstage interview at Le Web this year, but it wasn’t all about iOS vs. Ice Cream Sandwich. It appears that Big G has big plans for Google TV, and the Executive Chairman foresees the platform proliferating to the point that “most” new televisions will have it embedded by the summer of 2012 — that rumored switch from x86 to ARM must be going well. That strikes us as an awfully lofty goal given it’s light market penetration thus far, but with Samsung still on board the Google gravy train and others waiting in the wings, Schmidt just may be right. However, until we see just how many sets are packing Google TV at CES, our skepticism remains — check the interview itself and another video after the break that encapsulates just how we feel on the matter.
.