Samsung Closed Out 2011 With Bang – Hit Record High Of $4.72 Billion In Profit

Looks like Samsung had a great year in 2011 and really, was anybody surprised. During an earnings call today, the South Korean company reported that they were able to hit $4.72 billion in operating profit and $42 billion in sales for Q4 of 2011, lining up with the company's previous estimate earlier this month. This is an all time high for Samsung who's numbers represent a 76% increase in profits over 2010′s holiday season reflecting a high demand for their smartphones totaling a record 35 million shipments (roughly 40% of their total sales) and their flourishing semiconductor business which pulled in $2 billion.

Android Phone, Samsung Closed Out 2011 With Bang â€" Hit Record High Of $4.72 Billion In Profit