Samsung Electronics said it has netted a revenue of $10.86 billion in the fourth quarter compared to $9.12 billion for same period the previous year.

Announcing its record breaking results, Samsung said it had outperformed the overall mobile market with a 23 per cent growth netting a total sales of 280 million units during the period.

Samsung’s telecommunications businesses – Mobile Communications and Telecommunications Systems – registered a record quarterly operating profit of $1.29 billion for the period, up 38 per cent year-on-year.

Samsung Mobile continued its outstanding performance for 2010 by finishing the year strongly with an operating profit of $3.86 billion on sales of $36.9 billion for its telecommunications businesses.

Samsung said it had achieved a global revenue of $37.56 billion on a consolidated basis for the fourth quarter ended December 31, 2010, a 7-per cent increase year-on-year.

For the quarter, the company posted consolidated net income of $3.06 billion, a 13-per cent increase year-on-year.

On a regional level, Samsung’s Gulf region recorded about an average of 20 per cent market shares in UAE, Kuwait, Qatar, Bahrain and Oman.

“We accomplished our fourth quarter goals in the Middle East due to the rising demand of smartphones in emerging markets," commented Young Woo Jun, mobile phone sales and marketing director of Samsung Gulf Electronics.
 
"Due to our diverse product mix of mass-market smartphones and touch-screen feature phones, we were able to register a solid sales growth for 2010," he added.

According to him, the rollouts of Galaxy S and Wave smartphones in the region were the primary drivers of continued sales growth and boosted the mobile phone division’s fourth quarter turn-over growth by 60 per cent.

"In the Gulf region, 2011 will be the year we focus more on matching all our customers’ requirements and continue launching mobile phones that offer different operating systems, the latest technologies and the best designs for our consumers."

"Samsung’s Mobile business anticipates a positive growth in the region as more consumers are expected to transition to smartphones in 2011 as the ultimate experience aligns with their personal needs and demands," Woo Jun stated.

“For 2010, we had launched our comprehensive portfolio of smartphones such as the Galaxy S, Galaxy Tab, Wave and its series to meet the increasing demand of smartphones and replacement demand for full-touch screen phones,” Woo Jun noted.
 
"We can expect a strong market growth for the mobile division as we plan on more than double the smartphone shipments in 2011," he added.-TradeArabia News Service