Samsung’s Fourth Quarter Smashing Sales Powered By Smartphone
One of the top smartphone makers Samsung Electronics is set to report a strong quarterly profit climb on Friday, starting the New Year on a positive note supported by record-smashing sales of its Android based smartphones.
Mobile industry media said that Samsung is now quickly building its supremacy in the world of smartphones with unique designs and a rich product line-up.
Samsung said that its smartphones division is now the company’s biggest earnings generator section with raking in record profits.
Analyst Lim Do-ri from the Solomon Investment & Securities said that the South Korean firm got great business portfolios from components to broad varieties of consumer electronics that allows it to better surge over the unpredictable technology cycle than many of its peers.
The analyst said that Samsung’s smartphone business is now one of the main and most important growth drivers and has lifted growth of its component business. However, the company’s biggest challenge is whether it can hold onto its smartphone market share against all of its rivals.
Chairman of the Samsung Electronics, Lee Kun-Hee in his recent speech to its employees on a new year that the company in 2012 more focus on developing new products and tapping into new businesses to get ahead of rivals amid the global economic slowdown.
Kun-Hee said that the future of the company is in new businesses, new products and new technologies.
The Samsung Town-Seoul, South Korea based company is the world’s biggest technology company by revenue and in the market of smartphones it closely competes with American company Apple.
Samsung is also the leading memory chipmaker of the world and makes wide-ranging products from semiconductors to TVs and mobile gadgets.
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