Samsung Mobile Profits, But Thinks They Could Have Done Better in Q1’11
Samsung’s made public their financial results from quarter 1 of 2011 (something we’ve been seeing a lot of this week from other OEMs and carriers.) Long story short: their mobile business profited to contribute to the company’s overall profit. To be specific, they sold 70 million handsets.
18% of those handsets were smartphones. Samsung does make Windows Phone 7 phones, but we’re sure the success of the Galaxy S and other affordable Android handsets contributed a lot. Overall, they raked in 1.43 trillion won which comes out to about $1.3 billion. Overal revenue for the telecoms division was 10.64 trillion won, or $9.9 billion. (Most of this extra cash likely came from their deals with network operators both in wireless and wireline communications.)
Even then, Samsung says they could have made more if not for things beyond their control. Namely, the Japanese earthquake, higher cost of raw materials, and more contributed to Samsung’s need to spend more money than they would have liked. Samsung did well in other areas, too, such as their semiconductor business. Partners like Apple rely on Samsung-made chipsets (and other components) for their devices. As for panels, they actually saw a loss. (But it wasn’t huge enough to be concerned about.) [via Yonhap News]