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SAMSUNG POSTS RECORD NET PROFITS

PUBLISHED BY: SURENDER KUMAR
OCTOBER 25, 2012

   
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SAMSUNG POSTS RECORD NET PROFITS

Samsung, the world's largest technology company by revenue, has reported another record-high quarterly profit as customers flocked to Galaxy smartphones.



The Co's net profit have swelled to $ 4.5 billion in the April-June quarter, a 48 % year-on-year jump.



Samsung, the world's largest maker of mobile phones, televisions and memory chips, benefited from runaway demand for its Android-powered smartphones as rivals including Apple Inc were yet to release new models. The robust sales of smartphones such as the company's flagship Galaxy S3 helped Samsung tide over a slowdown in other sectors such as televisions and PCs, that has been painful for its rivals.



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