Samsung at top of IT pack thanks to smartphones

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Samsung at top of IT pack thanks to smartphones

Samsung Electronics, the world’s largest maker of memory chips and its No. 2 handset maker, posted the largest revenue among global tech firms last year on the back of strong sales of smartphones, a financial information provider said yesterday.

Samsung Electronics’ 2011 sales reached $148.6 billion when its yearly revenue was converted into dollars, according to data compiled by FnGuide.

The company estimated on Friday that it posted a record operating profit of 5.2 trillion won ($4.5 billion) in the fourth quarter, aided by strong shipments of smartphones.

Its fourth-quarter and annual sales were also predicted to have reached an all-time high, it added.


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