Monday, January 7, 2013

Samsung tips record-high 4Q profit as Galaxy phone sales drives earnings momentum - The Washington Post

Samsung tips record-high 4Q profit as Galaxy phone sales drives earnings momentum - The Washington Post: "The world’s largest maker of mobile phones, memory chips and TVs tipped its fourth-quarter revenue at 56 trillion won, up 18 percent from a year earlier.

Analysts say nearly 70 percent of the operating income for the quarter comes from Samsung’s mobile division that makes and sells Galaxy smartphones and tablets.

Samsung has renewed its quarterly operating profit since the final quarter of 2011 as strong sales of Galaxy S smartphones and mid-priced handsets helped it emerge as the top mobile-phone maker."

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