Friday, April 27, 2012

Samsung net profits first quarter march 2012

Samsung net profits first quarter march 2012, samsung earnings report april 27 2012 : Samsung Electronics Co., Ltd. today announced revenues of 45.27 trillion Korean won on a consolidated basis for the first quarter ended March 31, 2012, a 22-percent increase year-on-year.

Net profit nearly doubled to 5.05 trillion won (£2.76bn) for the three months to the end of March, with more than 70pc of Samsung Electronics' operating profit coming from its mobile businesses.

During the quarter, Samsung overtook Nokia as the world's top handset maker for the first time, ending the Finnish firm's 14-year reign, according to a report by research firm Strategy Analytics published on Friday.

The company sold 93.5m handsets in the first quarter, taking 25.4pc - or 1 in 4 - of the global mobile phone market.

After narrowly beating Apple last year, Samsung's smartphone sales exceeded Apple's by a large margin in the first quarter. Strategy Analytics said Samsung became the world's top smartphone maker, selling 44.5 million handsets in the January-March period, followed by Apple's 35.1 million.

Although Apple's iPhone and iPad business remains more lucrative, earning $11.6 billion (£7.17bn) in the January-March quarter, more than twice as much as Samsung, even though its revenue was about 10pc less.

Samsung's strong performance in the quarter was driven mainly by the IT & Mobile Communications (IM) segment, which is comprised of four businesses, Mobile Communications, Telecommunication Systems, IT Solutions and Digital Imaging. In particular, solid growth in the Mobile Communications business, with brisk sales of flagship GALAXY Note and GALAXY S II devices contributed to the company's profitability.

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