Samsung got bumper Profits from Smartphone Sales
Saturday, January 7, 2012 5:16Samsung Electronics has said it’s about a big jump in profits for the last three months of last year report, primarily due to smartphone sales record. The South Korean company said it expects an operating profit for the period up to 5.2tn won ($ 4.5 billion, £ 2.9) are 73% higher than a year.
Samsung overtakes Apple as the world’s best-selling smartphone manufacturer in the second half of last year. The companies have been locked in a series of patent applications fighting in recent months. Analysts said Samsung’s profits were likely to grow again this year. “Samsung is expected to continue to record results this year will improve as income on flat screens and memory chips that make up for any potential slowdown in handset growth rates,” said Lee Seung-woo at Shinyoung Securities.
“Won I would expect profits to grow by one 5tn this year. The company is due to publish its official results for the fourth quarter of 2011 later this month.





