Jan 06 AT 8:22 AM Dustin Earley 25 Comments

Samsung posts record breaking fourth quarter profits

Samsung 300 million

Samsung’s fourth quarter numbers for 2011 are in, and they are impressive to say the least.

Fueled by the 300 million phones sold in 2011, an estimated 32 million smartphones in the fourth quarter alone, Samsung beat out analyst’s predictions with a $4.5 billion quarterly operating profit.

Samsung also made a profit by selling their hard drive division to Seagate, but that money mostly went towards balancing the budget in other less profitable areas, like television and chip manufacturing.

Traditionally, profits fall from the fourth to first quarter of the year. However, a strong showing at CES and a wide variety of available devices should keep profits strong for Samsung in the first quarter. Analysts predict Samsung will make as much as another $4.5 billion in Q1, 2012.

Beating Apple out as the world’s top smartphone vendor in the third quarter of 2011 was no easy task, but clearly it’s paid off. Not only has Samsung earned the right to manufacture the last two Google Nexus phones, but they’re also making a killing with their own Galaxy series, along with tablets and other devices like the Galaxy Note.

This year is undoubtedly going to be huge for Samsung. And Android is going to be pivotal part of it. Galaxy S III, Galaxy Tab 11, Galaxy Nexus 2: Which Samsung devices are you most looking forward to in 2012?

Source: Reuters

Dustin Earley: Tech enthusiast; avid gamer; all around jolly guy.

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