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Samsung mobiles and tablets bring half of profits

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Samsung mobiles and tablets bring half of profits

Samsung has announced its financial figures, revealing a staggering £2.9 billion profit in the last quarter of 2011.

At its earnings call earlier today, the South Korean giant confirmed it raked in £1.4 billion between October and December from selling smartphones and tablets, which accounted for an impressive 50 per cent of profits for its entire business.

High sales were largely attributed to the incredibly successful Galaxy S2, as well as its mid-range kits such as the Galaxy Ace, and perhaps something of a dark horse when it was first announced, the Galaxy Note, which far exceeded most analysts’ expectations.

"We are actually generating new demand in the Note category," said Younghee Lee, senior vice president of Samsung. "That will be continued based on our hardware competitiveness with the addition of brand and user experience."

The numbers are sure to annoy rival Apple, which has been snared in a continuous legal headlock with Samsung over patent disputes.

And it’s unlikely to resolve anytime soon as Samsung gears up for the Mobile World Congress (MWC) next month where it’s widely tipped to announce the eagerly anticipated successor to the Galaxy S2.

Via:

TechRadar

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