Arab Today, arab today samsung electronics\ 2011 sales rank first globally
Last Updated : GMT 04:58:41
Arab Today, arab today
Arab Today, arab today

Samsung Electronics\' 2011 sales rank first globally

Arab Today, arab today

Arab Today, arab today Samsung Electronics\' 2011 sales rank first globally

Seoul - Yonhap

Samsung Electronics Co., the world\'s largest maker of memory chips, posted the largest revenue among global tech firms last year on the back of strong sales of smartphones, a financial information provider said Tuesday. Samsung Electronics\' 2011 sales reached US$148.6 billion when its yearly revenue was converted into the dollar, according to data compiled by FnGuide Inc. The company estimated on Friday that it posted a record operating profit of 5.2 trillion won ($4.5 billion) in the fourth quarter, aided by strong shipments of smartphones. Its fourth-quarter and annual sales were also predicted to have reached an all-time high, it added. The latest figure marked the second straight year that South Korea\'s tech bellwether ranked first in the global market in terms of sales volume, followed by Hewlett-Packard Co. FnGuide said that the sales gap between the two companies widened to $21.2 billion last year from $6.9 billion in the previous year, indicating Samsung Electronics\' stellar performance. In the cited period, sales of Apple Inc. reached $108.2 billion and analysts projected that those of IBM Corp. are estimated to amount to $107.2 billion. Analysts said Samsung Electronics should be able to keep its status of the world\'s largest sales generator this year as it is expected to log handsome earnings on solid demand for smartphones and benefit from its diverse product lineup. A possible rebound in key memory chip prices is also likely to bolster its earnings, they added. Market consensus showed that Samsung Electronics\' sales may reach 183.8 trillion won in 2012, up 11.57 percent from a year earlier. Meanwhile, in terms of operating profit, Samsung Electronics ranked fifth in the global markets with $14.6 billion in 2011. Apple posted the biggest operating profit of $33.8 billion in 2011, followed by Microsoft Corp. with $27.2 billion and IBM with $21.3 billion, according to FnGuide. The company quoted Choi Gee-sung, the chief executive officer and vice chairman of Samsung Electronics, as saying that the company\'s sales of handsets last year exceeded those of Nokia Corp. for the first time ever, making Samsung the world\'s largest manufacturer of mobile phones. But he declined to reveal specific numbers. The No.1 global smartphone manufacturer said that it may achieve annual sales of $200 billion before 2015 if the company can post revenues of 180 trillion won this year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today samsung electronics\ 2011 sales rank first globally Arab Today, arab today samsung electronics\ 2011 sales rank first globally

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:57 2017 Sunday ,26 February

Huawei wins MRM Business Innovation Award

GMT 08:49 2017 Saturday ,25 February

Shell plans $300 mn investment in Argentina shale

GMT 05:40 2017 Saturday ,25 February

British Airways owner reports profit

GMT 15:19 2017 Thursday ,23 February

Companies' commitment to Bahrainisation quotas praised

GMT 14:48 2017 Thursday ,23 February

Etihad Airways Engineering signs deal with Kenya Airways

GMT 12:25 2017 Thursday ,23 February

Bharti Airtel buys Telenor's India operations

GMT 10:47 2017 Thursday ,23 February

Saudi Aramco may offer discounted shares to citizens
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday