Samsung posts record $7.4B profit on strong Galaxy sales
The Galaxy S3 helped Samsung dial up record quarterly profits.
(Credit: Josh Miller/CNET)
South Korea’s Samsung Electronics reported on Friday (local time) a record quarterly profit of $7.4 billion, crediting strong sales of its Galaxy line of smartphones and tablets with making up for weak chip demand.
The electronics giant said its third-quarter operating profit increased 91 percent to $7.39 billion, in line with guidance offered earlier this month. Revenue for the quarter ended September 30 was 52.18 trillion won ($47.5 billion), a 26 percent increase over the same period last…
Excerpt from: Samsung posts record $7.4B profit on strong Galaxy sales
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