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Samsung expects 73% profit jump, 35m smartphones

updated 07:45 pm EST, Thu January 5, 2012

Samsung gives high estimates for Q4 2011 results

Samsung late Thursday gave preliminary estimates that anticipated a record-setting fall. Its last quarter of 2011 would see its profit jump 73 percent to $4.5 billion based on money from selling its storage to Seagate, royalty payments, and a rapid rise in smartphone sales. It anticipated having shipped 35 million smartphones, or about 25 percent more than it did in the summer.

What drag existed on the company came from its semiconductor division's flash and RAM units, but it was being buoyed by its smartphone processors and its mobile display technology, such as its OLED and PLS LCD screens.

The high smartphone estimate could still see Apple close the gap. Samsung overtook Apple for the top smartphone maker spot in the summer, but it was helped by customers holding off for the iPhone 4S. With analysts estimating as many as 35 million iPhones shipped and very strong Verizon results supporting more optimistic projections, Apple may match its Korean counterpart.

Early 2012 could also heavily favor Apple. Apart from the Galaxy Nexus, Samsung most likely won't have a genuinely new flagship phone until the spring, when the presumed Galaxy S III arrives. The recentness of the iPhone 4S, additional country launches, and Apple's recent ability to dodge the usual post-holiday slump may keep its demand high.



By Electronista Staff
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Comments

  1. Jubeikiwagami

    Fresh-Faced Recruit

    Joined: Dec 2011

    +2

    Thank Apple

    Samsung should thank Apple. Simply because they copied Apple design and marketing. They can't thank Apple for the OS, because Google is the one that stole the look and feel of iOS.

  1. global.philosopher

    Fresh-Faced Recruit

    Joined: Sep 2010

    +6

    Actually Samsung stole the UI as well

    Touch Wiz is a copy of iOS which is Samsungs failing UI thats sits on top of Android (which also stole some features).
    The best things is that at the end of the day Samsungs phones are easily supplanted in the marketplace with any the next hot Android phone. Samsung have no unique ecosystem to keep customers coming back.

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