Sunday, January 31, 2010

Financial performance of Samsung Electronics for the last quarter of 2009

2.64 billion U.S. dollars is the profit of Samsung Electronics for the third quarter of 2009 over the same period a year earlier the company had posted losses amounting to 19 million U.S. dollars. Samsung's sales for the period were worth 22 billion U.S. dollars - a 37% higher than a year earlier. According to information from the company's growth over the period due to price increases of memory chips that Samsung produce and seasonal increase in sales of consumer electronics at the end of the year. 11 million LCD TVs are sold with the brand Samsung for the last three months of 2009, making them the first company that has sold more than 10 million.

Mobile phones have sold 69 million units, which is 16% higher than a year earlier. Thus, in 2009 sold a total of 227 million phones. The company estimated its mobile market share in 2009 to more than 20%. Operating profit for the last quarter of 2009, the mobile division, which deals with mobile infrastructure is 852 million dollars. Revenue for the period reached 10 billion dollars, which is an annual growth of 12%. In this year, Samsung plans to continue to focus on phones with touch screen and high-and middle-class smartphone for developed markets and to continue to offer specialized models for developing countries.

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