Samsung expects another record quarterly profit on Galaxy sales
Samsung Electronics, the world’s largest consumer electronics maker, expects to report its fourth consecutive record quarter on surging sales of its Galaxy smartphones despite ongoing legal woes with Apple.
The Korean electronics giant projected Friday that its operating profit totaled $7.3 billion for the third quarter ended September 30, a jump of 90 percent from a year ago to 8.1 trillion won beating analyst expectations of 7.6 trillion won. Third-quarter sales totaled 52 trillion won, compared with an estimate for 51.6 trillion won, the company said in the statement.
The company, the…
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