Samsung Pulls in $4.7 Billion Profit in 2011

Posted Mon Jan 30, 2012 at 07:00 AM PST by Dick Ward

That’s $1.8 billion more than 2010.

It’s no secret that Samsung’s been doing well, but as it turns out, the company is on a steep incline. They pulled in $42 billion in sales, $4.7 of which was pure profit. That’s a huge step over last year when they brought in $2.9 billion in profit.

Leading the charge was the cell phone division. Over 300 million phones were sold for a whopping $2.3 billion profit. The semiconductor business was no slouch either, bringing in $2 billion in profit. That’s $4.3 between the two, leaving TVs to make up much of the remainder.

Samsung’s LED sets boosted the company’s sales considerably and helped the division to increase numbers by 20 percent. They boasted $7.6 million in sales in 2011.

Source: Engadget

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Tags: Sales Figures, Industry Trends, Samsung (all tags)