Samsung reports Q4 2010 results, confirms dual-core Galaxy S2

Samsung just published its financial report for the last quarter of 2010 and the full fiscal year and things are looking pretty good for the second largest cell-phone manufacturer. The telecom division has generated some $10.9 billion of revenue and $1.3 billion of profit in the last three month alone.

Those numbers represent respectively 19% and 38% increase over the year-ago quarter.

For the full 2010 the company reported a total of $37 billion of revenue and $3.9 of operating profit.

Driven by strong holiday quarter demand for the company's flagship smartphones, Samsung's mobile device sales reached 80.7 million units for the quarter, up 17% over Q4 2009. This brought total sales for 2010 to 280 million units (a 23% percent growth). Samsung also did well in developing markets where their entry-level smartphones and touch-driven devices registered strong sales growth.

Despite the fact that Q1 sales are traditionally lower than Q4, Samsung expects to achieve small growth over the coming three months. The company has confirmed that the Galaxy S successor will pack a dual-core CPU and Super AMOLED Plus display. With its help Samsung hopes to sell over 60 million smartphones this year.

You can find the full report, including the other Samsung divisions, by checking the source link.

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LG releases poor results for Q4 2010, set to go premium in 2011

Today LG announced their report on how 2010 went for them and things are not going well for the company?s mobile division. In order to get back in black zone for 2011, the South Koreans plan to to focus on their premium line of smartphones.

Overall, things haven?t been so great for LG in Q4 2010. The company sold $2.96 billion worth of devices, which is an increase of 12% percent compared to Q3 2010, but it's still some 15.2 percent lower than the revenue scored from handsets in Q4 2009. What's worse, LG is still in the red zone with a loss of $232 million.

The overall shipment of phones has increased by 8 percent over Q3 2010 with a total of 30.6 million units shipped in Q4. This is 10% less than the number of units shipped for the same quarter for 2009.

In North America, Europe and Korea LG recons the increase in sales is due to the Optimus One, which seems to be doing rather well for the company. For Q1 we are sure things would pick up with the launch of the Optimus 2X and possibly, LG Optimus Black and Optimus 3D.

Stepping back from the quarter perspective, the LG 2010 yearly results don?t look pink either. For 2010 LG total revenue from handsets is $11.4 billion, which is a whopping 24,9% decrease over 2009.

We're glad LG will be stepping up their game in 2011 because HTC outpaced them based on total handset revenue in Q4 2011 by a good half a billion US dollars.

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Nokia financial results: 28.3 million smartphones in Q4 2010

Nokia today released financial results for Q4 2010 and for full year 2010:
* 28.3 million units in Q4 2010, up 36% year-on-year and 7% sequentially
* Nokia's mobile device volume market share decreased to 32% in 2010, compared to 34% in 2009.
Click below for full details.
Fourth quarter 2010 Highlights:
* Nokia net sales of EUR 12.7 billion in Q4 2010, up 6% year-on-year and 23% sequentially (flat and up 24% at constant currency).
* Devices & Services net sales of EUR 8.5 billion in Q4 2010, up 4% year-on-year and 18% sequentially (down 3% and up 19% at constant currency).
* Nokia converged mobile device (smartphone and mobile computer) volumes of 28.3 million units in Q4 2010, up 36% year-on-year and 7% sequentially.
Full year 2010 Highlights:
* Based on Nokia's preliminary estimate, industry mobile device volumes increased 13% in 2010, compared to 2009 (based on Nokia's revised definition of the industry mobile device market applicable beginning in 2010).
* Based on Nokia's preliminary market estimate, Nokia's mobile device volume market share decreased to 32% in 2010, compared to 34% in 2009 (based on Nokia's revised definition of the industry mobile device market share applicable beginning in 2010).
* Nokia's estimated mobile device value market share was down slightly in 2010, compared to 2009.
Q4 2010 Operating Highlights:
* Following the start of shipments of the Nokia N8 in the third quarter, Nokia began shipments of two other smartphones based on the new Symbian software: The Nokia C7, a sleek, full-touch smartphone crafted from stainless steel and glass that is designed to appeal especially to social networkers, and the Nokia C6-01, a smaller, full-touch smartphone that features Nokia ClearBlack technology for improved outdoor visibility.
* Nokia started shipments of the Nokia C3 Touch & Type, a stainless steel device which combines the touch screen and traditional phone keypad.
* Nokia estimates that it became the leader in QWERTY in terms of volume share during the fourth quarter, helped by sales of its affordable QWERTY model, the Nokia C3.
* Nokia continued to develop its Ovi services. Highlights for the quarter included:
Store continued to see increased downloads of applications and content. The Store is now attracting more than 4 million downloads a day, compared with more than 2.7 million a day reported in October 2010, boosted by traffic from the new Nokia N8 and Nokia C7, the widespread introduction of operator billing and the increased availability of local applications and content specific to individual markets. According to a study by iResearch published since the end of the quarter, Ovi Store ranks as the leading application store in China by downloads. Other key markets for Ovi Store include Russia and Turkey, where downloads from the Store have reached more than 1 million a week in each market.
Maps continued to scale, and today includes coverage of 180 countries and regions in total, with 100 of them navigable. Additionally, more than 100 cities around the world have dedicated pedestrian navigation. With the release of the latest version of Ovi Maps, users can download maps directly to their device over Wi-Fi as well as enjoy mapping that includes public transport lines for subways, trams and trains in more than 80 cities around the world. Nokia N8 owners have quickly become among the most active Maps users, spending up to four hours a month using maps and navigating.
Nokia's unique life improvement mobile information services designed especially for emerging markets, was launched in Nigeria, adding Africa's most populous country to the service which already operates in India, Indonesia and China.
* Nokia announced that it will use Qt technologies to simplify development for both our own and third party developers. In addition, Nokia announced its intention to support HTML5 for the development of Web content and applications.
* Following the withdrawal of other members, the Symbian Foundation, a non-profit entity, transitioned to a licensing operation only and the Symbian platform's development is now under the control of Nokia.
* In November 2010, Renesas Electronics Corporation completed its acquisition of Nokia's Wireless Modem business, which was initially announced on July 6, 2010.
Full press release is available here.


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