Featured Articles

Nvidia Shield 2 shows up in AnTuTu

Nvidia Shield 2 shows up in AnTuTu

Nvidia’s original Shield console launched last summer to mixed reviews. It went on sale in the US and so far Nvidia…

More...
AMD CSO John Byrne talks ARM

AMD CSO John Byrne talks ARM

We had a chance to talk about AMD’s upcoming products with John Byrne, Chief Sales Officer, AMD. We covered a number…

More...
AMD Chief Sales Officer thinks GPU leadership is critical

AMD Chief Sales Officer thinks GPU leadership is critical

We had a chance to talk to John Byrne who spent the last two years as Senior Vice President and Chief…

More...
OpenPlus One $299 5.5-inch Full HD phone

OpenPlus One $299 5.5-inch Full HD phone

OnePlus is one of the few small companies that might disrupt the Android phone market, dominated by giant outfits like Samsung.…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 04 January 2012 13:00

Samsung reports increase in profits

Written by Nick Farell

samsung logo

Thanks to smartphones

Samsung is set to report a robust quarterly profit rise on Friday, starting the year on an upbeat note aided by sales of smartphones. Samsung is now the world's top smartphone maker in the third quarter, is continuing to give Apple a good kicking with sleek designs and a rich product line-up.

Its handset division is now Samsung's biggest earnings generator, raking in record profits. The company appears to be dealing with a profit squeeze from its memory chips with new revenue sources such as mobile processing chips and high-end OLED displays.

The world's biggest technology firm by revenue is likely to report $4.1 billion in October-December analyts think. That would be its best profit since the third quarter of 2010, and up 57 percent from a year ago and 11 percent from the preceding quarter.

In 2012, Samsung is likely to report a 28 percent rise in operating profit with a 12 percent gain in revenue, according to analysts.



blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments