Bbc

Smartphones boost Samsung profits


nettechnews7 retweets
Smartphones boost Samsung profits

Share this page

Samsung is now the world's top selling smartphone maker

Samsung Electronics has said it expects to report a big jump in profits for the final three months of last year, thanks largely to record smartphone sales.

The South Korean firm said it expects operating profits for the period to be 5.2tn won ($4.5bn; £2.9bn), 73% higher than a year a earlier.

Samsung overtook Apple as the world's biggest-selling smartphone maker in the second half of last year.

The firms have been locked in a number of patent battles in recent months.

Analysts said Samsung's profits were likely to grow again this year.

"Samsung is likely to continue record-breaking earnings this year as earnings from flat screens and memory chips will improve, making up for any potential slowdown in handset growth rates," said Lee Seung-woo at Shinyoung Securities.

"I'd expect profits to grow by another 5tn won this year."

The company is due to publish its official results for the fourth quarter of 2011 later this month.

More on This Story

From other news sites

Share this page

Most Popular

Services

News in images

Scarry shitt!! @IamToluOke OMG!!! @Capt_Mason *BREAKI...

Picture of daguilar6
6 Mar 2011
7K retweets
Scarry shitt!! @IamToluOke OMG!!! @Capt_Mason *BREAKING NEWS* PLANE CRASH @ ABUJA AIRPORT---------->

雑誌「小学一年生」の広告が秀逸すぎる

Picture of daguilar6
14 Jul 2012
5K retweets
雑誌「小学一年生」の広告が秀逸すぎる on Twitpic

News in videos

Legal weed in states sets up fight with feds -- Decod...

Picture of daguilar6
10 Nov 2012
1K retweets
Legal marijuana in states sets up fight with Department of Justice - @ReutersTV Decoder

Obama sheds a tear while thanking campaigners - The T...

Picture of daguilar6
10 Nov 2012
1K retweets
Obama sheds a tear while thanking campaigners - @ReutersTV The Trail

What to look for from Apple's iPhone 5 launch -- Tech...

Picture of daguilar6
12 Sep 2012
1K retweets
WATCH: What to look for from Apple's iPhone 5 launch

News in articles

AnonOps Communications

Picture of daguilar6
9 Dec 2010
2K retweets
What a week! Very busy. More news about an #Anonymous huge operation soon >>

Health Tips For You

Picture of daguilar6
28 Feb 2012
1K retweets
Healthy Fats May Guard Against Brain Decline - Health News ...: By Matt McMillen MONDAY, Fe...

'Twilight' Causes Seizures?

Picture of daguilar6
21 Oct 2009
3K retweets
Snack Machine Sasses Kids #news

News in sites

Error

http://news.sky.com/sky-news/app/...

Error Sorry the page that you are looking for does not exist. Please use your browser back button to return to your previous page. Or alternatively visit one of our sky sites listed below.

Picture of daguilar6
17 May 2012
1K retweets

Patrick Kaas daily news

Picture of daguilar6
18 Apr 2011
8K retweets
Patrick Kaas daily news is out! ▸ Top stories today via @formulaturismo @yunomi_nl @rtacties @demoslager