Samsung Announces Record Fourth Quarter Profits

Where HTC announced a drop in its fourth quarter of 2011, Samsung announced an initial record quarterly profits as it posted its preliminary earnings guidance earlier today.

According to Reuters, the Korean electronics giant’s Q4 operating profit increased by 73% year over year to stand at 5.2 trillion ($4.5 billion). Samsung reportedly sold 35 million devices over the period of three months. As for third quarter, the Korean company sold about 28 million devices, indicating an uplift of 7 million from October to December.

It seems that the final results will surpass the company’s previous profit record of $5 trillion ($4.3 billion) in second quarter of 2010. For the third quarter, the company’s profit rose by 22%.

The sales of Samsung are assumed to reach 35 million devices, which would as much as tripling the sales of HTC units for the same period. Samsung’s Galaxy S II handset proves to be a major source for the company to lift the Android handset market. Samsung has recently released the Galaxy Note that has already seen over 1 million units shipped since its debut.

Samsung is hoped to release a detailed financial report later this month that will give us a clear image of company’s fourth quarter performance. We hope that Apple will also release its own quarterly report by that time. After that we will be able to evaluate the performance of two of the world’s top smartphone manufacturers.

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