Samsung confirms record Q4 results
The fourth quarter results are in from many of the mobile players with mixed results, but Samsung's numbers are not only record setting, but they are just about where the company expected them to be earlier this month. So far, we've seen Motorola, HTC and Verizon post numbers lower than expected, which Google, Apple, and AT&T posting strong numbers.
Samsung's numbers aren't just strong, but record-breaking and even better than the company expected when they announced the estimated results a few weeks ago. Samsung posted an operating profit of 5.3 trillion won ($4.72 billion USD) with sales of 47 trillion won ($42 billion USD). 5.3 trillion won in profit is a 76% increase over Q4 2010.
Samsung’s mobile business specifically posted an operating profit of 2.6 trillion won ($2.3 billion USD) in Q4 because of huge mobile phone shipments of a record 35 million units. Unfortunately, even with the record Q4, and a rise in full-year revenue, Samsung's full-year net profit of 13.7 trillion won was down 15% year-on-year.