Telecom Lead Asia: Samsung said it is likely to post
quarterly profit of $5.15 billion, driven by booming sales of its smartphones
and the Galaxy Note tablet.
Note has sold more than 5 million since launching in
October.
HTC, the world’s No.5 smartphone maker, said on Friday
its January-March net profit slumped 70 percent to around $151 million. HTC said
the launch of its One series will help win back some of that lost market share.
Samsung’s January-March operating profit is likely to be
5.8 trillion won, double the year-ago level. Revenue was 45 trillion won.
Apple had an operating margin of more than 37 percent in
the October-December quarter.
Samsung is expected to have shipped a record 44 million
smartphones in the first quarter, up by almost 25 percent from October-December
levels, according to a Reuter’s survey of analysts.
Telecom powers Samsung to post 7% increase in revenue at KRW
165 trillion in 2011
Samsung Electronics posted revenues of KRW 47.3 trillion
in Q4 2011, a 13 percent increase year-on-year.
Consolidated net profit for the quarter was KRW 4
trillion.
Samsung’s full year 2011 revenue was KRW 165
trillion, up 7 percent from the previous year.
Net income registered KRW 13.73 trillion, down 15
percent compared with 2010.
The telecommunications businesses reached quarterly
earnings of KRW 17.82 trillion, up 52 percent from the previous year, with
growth mainly driven by strong sales of Samsung’s GALAXY S II and GALAXY Note.
Operating profit for the businesses also hit a record KRW 2.64 trillion
on-quarter.
editor@telecomlead.com
