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Samsung Reports $4.7 Billion in Profits for Q4 2011

Samsung has posted an outstanding $4.7 billion operating profit for the last quarter of 2011, reports BGR.

According to the company, profits during the last three months of 2011 can be attributed to a boom in its smartphone sales. Samsung also revealed it plans to spend as much as $22 billion in 2012 to increase the production of chips and flat screens - a move that company believes should help beat smaller competitors.

Samsung happens to be an integral part of both Google's Android and Microsoft' Windows Phone families. The company is currently battling it out with Apple to climb to the top spot in the global smartphone arena.

The Galaxy maker, however, refrained from disclosing sales volume data. But according to market research outfit Strategy Analytic, the company sold around 36.5 million smartphones during the last 3 months of 2011. Samsung was not-so-closely followed by Nokia with over 19.6 million smartphone units sold.

It is worth noting that as per the data provided by Strategy Analyst, 40 percent of Samsung's overall handset shipment was driven by smartphones alone. It will be interesting to see how Samsung plans to top these spectacular figures.