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Samsung Electronics Co had a profitable final quarter in 2011, as they reported not less than $4.7 billion operating profit. The smartphone sales helped the South Korea-based company achieve such great profits, as Samsung sold more smartphone units than ever, but it was not enough to overtake Apple…

Samsung reported a record operating profit of $4.7 billion in the last three months of 2011, mostly generated by their huge success on the smartphone market, informs Reuters. Samsung haven’t disclosed any figures related to the smartphone sales, but, according to the estimations of the Strategy Analytics research firm, Apple was the top selling smartphone vendor in Q4 2011, with not less than 37.04 million iPhone terminals sold, compared with the 36.5 million smartphone units sold by the South Korea-based company. For the full year of 2011, Samsung was the company that shipped the most smartphone units – a record number of 300 million units, writes Bloomberg.

According to Strategy Analytics reports, Samsung sold 36.5 million smartphone units in October – December 2011 time frame, placing on the second place after Apple, which officially announced they shipped 37.04 million iPhone terminals in 2011. Nokia was the second runner-up in the global smartphone shipments top with 19.6 million smartphone units sold in the aforementioned time frame.

In Q3 2011 Samsung managed to overtake Apple when it came to smartphone sales, but in the last quarter of 2011 the Cupertino-based giant won the supremacy again, with 37.04 million iPhone units sold. Samsung haven’t published the official number of smartphone units they sold in the fourth quarter of 2011, by Strategy Analytics estimates that we are dealing with a figure around 36.5 million units, so the Asian company was not to far behind Apple’s performance. As I mentioned above, Nokia came third with 19.6 million units sold.

According to the estimations of the same marketing research firm, in Q3 2011, Samsung sold the most smartphone units, as the South Korean company shipped out 28 million units, while Apple came second with over 17 million iPhones shipped in Q3.

The smartphones represent about 40% of Samsung’s handsets sales. Based on the same data sheets from Strategy Analytics, Bloomberg reports that throughout the entire 2011, thanks to the huge success of the Galaxy line-up, Samsung was the company that shipped the most number of smartphones globally, setting a new record of 300 million units.

In 2012 Samsung plans to spend over $22 billion in order to increase their chipset and display panels production. Samsung’s telecom division had a profit of $2.35 billion in the October – December time frame, with the Galaxy line-up leading the smartphone sales. Let’s see how the South Korea-based company’s sales in the coming quarter will do, as rumor has it that the debut of Samsung Galaxy S III at MWC 2012 have been delayed.