Telecom & Wireless
Samsung Continues to Profit From Apple
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Samsung Electronics’ most recent quarterly results offered yet more proof that the South Korean company is the only viable smartphone company other than Apple Inc. (NASDAQ: AAPL), and also that it has continued to make advances across a number of other parts of the consumer electronics arena. In its report the company stated:
Samsung Electronics Co., Ltd. today announced its earnings guidance for the fourth quarter of 2012.
Consolidated sales: Approximately 56 trillion Korean won (Range: 55 – 57 trillion Korean won)
Consolidated operating profit: Approximately 8.8 trillion Korean won (Range: 8.6 – 9.0 trillion Korean won)
Translated into U.S. dollars, and with additional information about the success, The New York Times reports:
Samsung Electronics projected Tuesday a profit of $8.3 billion in the quarter that ended last month as demand picked up for the flat screens it makes for mobile devices, including those for products sold by Apple.
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