Samsung has reported its fourth quarter earnings, and as expected its handset business is doing well. Samsung sold 46.3 million handsets in Q4, an increase of 41 percent year-on-year. For the full year sales were 161 million, an increase of 42 percent year-on-year. Of these handsets 7.3 million were 3G, up from 5.5 million 3G handsets sold in the third quarter. This accounted for 5.07 trillion won (US$5.4 billion) in sales, a 5.6 increase sequentially. Full year sales were 18.37 trillion won (US$19.57 billion), a 6.8 percent increase year-on-year. The average selling price for the handsets fell from $151 to $148, and operating profit for Samsung’s telecom division (mostly handsets) fell 1 percent sequentially in Q4 to 0.58 trillion won (US$618 million), but for the full year increased 22 percent to 2.12 trillion won (US$2.26 billion). (Earnings PDF.)