Smartphone sales expected to boost Samsung's profits

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published

Samsung says it expects a big leap in profits for the final quarter of 2011 on the back of record smartphone sales

Samsung Galaxy S2

Samsung says it expects a big leap in profits for the final quarter of 2011 on the back of record smartphone sales.

The South Korean firm says it expects operating profits for the period to be 5.2tn won ($4.5bn; £2.9bn), 73% higher than a year a earlier.

Samsung overtook Apple as the world's biggest-selling smartphone maker in the second half of last year.

The company is due to publish its official results for the fourth quarter of 2011 later this month.

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Andy Clough
Andy Clough

Andy is Global Brand Director of What Hi-Fi? and has been a technology journalist for 30 years. During that time he has covered everything from VHS and Betamax, MiniDisc and DCC to CDi, Laserdisc and 3D TV, and any number of other formats that have come and gone. He loves nothing better than a good old format war. Andy edited several hi-fi and home cinema magazines before relaunching whathifi.com in 2008 and helping turn it into the global success it is today. When not listening to music or watching TV, he spends far too much of his time reading about cars he can't afford to buy.