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Samsung closed out 2011 on a high note, arching over the top of most analysts' expectations. With its Galaxy smartphones selling like hotcakes and the sign-and-deliver of its hard disk drive (HDD) business to Seagate, Samsung was able to report a record quarterly operating profit of 5.2 trillion won (about $4.47 billion) for the three months ended in December, representing a 73 percent quarter-on-quarter increase.
According to Bloomberg, analysts on average had Samsung's operating profit pegged at 4.6 trillion (around $3.96 billion), about half a billion U.S. dollars short.
Samsung has a good thing going with its Galaxy smartphone line. The company sold more than 300 million mobile phones last year, contributing to an overall sales spike of 12 percent to 47 trillion won, or more than $40.4 billion, a little more than the GDP of Uruguay.
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JohnP
January 06, 2012 at 12:21pm
Dang, I loved the Samsung Spinpoint drives and I must have bought a couple of dozen of them. Too bad they sold the HDD division off...
iceman08
January 06, 2012 at 8:25am
I have to admit that the Galaxy S2 is one sweet piece of hardware. And I've only had it for a week
