Samsung Electronics Announces Earnings Guidance for Fourth Quarter 2011

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Image source: Sammyhub.com

Samsung Electronics, a global leader in digital media and digital convergence technologies, today announced its earnings guidance for the fourth quarter, 2011. The electronics giant estimates a record high operating profit of 5.2 trillion won (4.5 billion US dollars) with a revenue of 47 trillion won (40.63 billion US dollars) in Q4 2011. No estimates for net profit and individual division performance as yet. Samsung has been impressive throughout the year with revenues increasing with each quarter. The fourth-quarter operating profit is largely in line with market forecast as experts expected solid demand for Samsung’s smartphones to drive up the company’s earnings to a record high. It is estimated that Samsung sold 28 million smartphones in the third quarter last year and is expected to grow even stronger in 2012.

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Samsung’s 2011 sales results cap a successful year for Samsung across its mobile device portfolio. The flagship GALAXY range of products – GALAXY S and GALAXY S II contributed significantly to the success. The Samsung GALAXY S II set a new sales record for Samsung, generating 10 million sales quicker than any other mobile device in the company’s history.

Samsung looks forward to extending its success going into 2012, having achieved annual mobile handset sales of 300 million units in 2011, a first in Samsung’s history.

READ ALSO  Nintendo 3DS XL: 90% Larger Screen Announced!

Source: Samsung

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  • Vernon

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    Vernon is the founder and chief editor of Vernonchan.com. A graphic designer by profession, he has a deep love for technology, cars, gadgets, food, and travel. He tweets too much and is also known as a caffeine bacterium ("life's too short for bad coffee"). Bleeds Blue (go Chelsea FC!) and considers BMW, Porsche, Alfa Romeo cars to have in the garage--for true petrolheads, that is.

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