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Smartphones major factor in Samsung’s profits

Smartphone giants, Samsung, boast record profits in 2011. Read on to find out more.

2011 has been a fantastic time for the majority of smartphone manufacturers, but it seems Samsung have been one of the biggest winners in the past year.

The South Korean company has racked up a total profit of £2.9 billion for the last quarter of 2011.

Figures from Strategy Analytics suggest that Samsung’s range of Galaxy phones have been a major factor in the profits, with the Galaxy SII and Galaxy Note being two of the more popular devices in the Galaxy range.

Strategy Analytics report estimates that a staggering 36.5 million Samsung handsets were sold in the last quarter of 2011, leaving them just behind Apple’s figure of 37.04 million handsets, and well in front of third-place Nokia’s 19.6 million handset.