Samsung Continues to Profit From Apple
January 8, 2013 by Douglas A. McIntyre
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.
How many firms make money off of their most mortal enemies?
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