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Samsung Piggybacks On Galaxy To Clock Record Profits, Under Apple Pressure

PUBLISHED BY: SURENDER KUMAR
OCTOBER 25, 2012

   
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The South Korean electronics gaint Samsung has reported a record quarterly profit of $7.3 billion, nearly double of last year's on the back of strong sales of high-end TVs and Galaxy smartphones. The biggest risk for Samsung is competitive product line-ups from its rivals such as the iPhone 5. Because handsets drive most of its profits, one misstep in handsets could result in losses. Therefore, analysts widely see its dream run ending in December as Samsung ramps up its marketing to counter Apple's new iPhone in a crowded $200 billion global smartphone market.

 

 

 



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