HardwareLook

• Author: Adam
• Published: Jan 17, 2012

Samsung to Invest $40.4 Billion on Itself For 2012

Samsung have recently announced that they will be investing a record breaking $40.4 billion on its business this year. This figure will up their game by a large 12%, this is apparently in preparation for what they say is going to be a “tough year”.

They say that their main focus is going to be set on the advancement of new technology for the upcoming year. Samsung have confirmed that it will look to new areas and make sizeable investments.

“We will make large investments in our core businesses as well as new business sectors.”

Samsung released a statement, reported by the AFP (via ABS-CBN News), confirmed that the Korean electronics firm would plough increased funds into recruiting (up 4 percent on 2011), facilities (up 11 percent), research and development (up 13 percent) and capital investment (up 10 percent).

Two weeks ago Samsung released and posted their record preliminary profits, putting them in contrast to HCT’s profits which for the first time in two years dropped.

Reuters reportedthat, Samsung’s fourth-quarter operating profit rose by 73 percent year-on-year to reach 5.2 trillion won ($4.5 billion), with a reported 35 million smartphones sold over the three-month period. Samsung’s third-quarter saw sales of around 28 million smartphones, highlighting a 7 million rise October through December.