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Earnings: Samsung Ships 41 Percent More Handsets In Q4

Samsung has reported its fourth quarter earnings, and as expected its handset business is doing well. Samsung sold 46.3 million handsets in Q4, an increase of 41 percent year-on-year. For the full year sales were 161 million, an increase of 42 percent year-on-year. Of these handsets 7.3 million were 3G, up from 5.5 million 3G handsets sold in the third quarter. This accounted for 5.07 trillion won (US$5.4 billion) in sales, a 5.6 increase sequentially. Full year sales were 18.37 trillion won (US$19.57 billion), a 6.8 percent increase year-on-year. The average selling price for the handsets fell from $151 to $148, and operating profit for Samsung’s telecom division (mostly handsets) fell 1 percent sequentially in Q4 to 0.58 trillion won (US$618 million), but for the full year increased 22 percent to 2.12 trillion won (US$2.26 billion). (Earnings PDF.)

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