Apple wasn’t the only company to generate loads of cash in the last quarter of 2011. Samsung did very well for itself too. It reported Q4 revenue of $42 billion, with an operating profit of $4.7 billion. Mobile sales accounted for around 40% of its total revenue, and around 50% of its operating profit, thanks to the tremendous popularity of its Galaxy series of smartphones. It has around $24 billion in cash, around a fourth of Apple’s cash reserves.
Samsung shipped an estimated 36 million smartphones in Q4 2011, which ranks it second on the leaderboard after Apple, which sold more than 37 million iPhones. Ironically, Samsung generated some revenue from iPhone sales as well, as it is one of the biggest iPhone component suppliers.
“Despite intensified competition amid the global economic slowdown, our Telecommunications businesses continued to post solid earnings with an enhanced line-up of high-end smartphones, resulting in higher average selling price (ASP). Moreover, improved profitability and earnings growth of our Set businesses, including smartphones and flat panel TVs led to our company’s strong earnings,” said Robert Yi, Senior Vice President and Head of Investor Relations, Samsung.
Samsung also noted that it would be making massive capital investments in its semiconductor business to boost production capacity for chips and flat screens, and invest more in research and development centers.
Samsung is now the top Android manufacturer in the world, and plans to make smartphones powered by various platforms like Android, Windows Phone, Bada and Tizen.
Check out Samsung’s Q4 and FY2011 results here: Samsung Electronics Announces Fourth Quarter & FY 2011 Results