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January 25, 2013 07:39 pm GMT

Samsung Posts Record $6.6 Billion Profit in 4Q on Strong Mobile Sales


Samsung's revenue and profits are growing at a nearly Apple-level pace, at least for now.

The company announced Friday that it generated revenues of $52.4 billion in the December quarter, an increase of about 18.5% from the fourth quarter in 2011 and just shy of the record $54.5 billion in revenues that Apple reported for the same quarter.

Even more impressive, Samsung posted a net profit of $6.6 billion for the quarter, an increase of more than 75% from the same period a year ago and a new record for the company. Much of this was driven by its success with smartphones and tablets: the operating profit for Samsung's mobile division more than doubled to about $5 billion for the quarter…
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Original Link: http://feeds.mashable.com/~r/Mashable/~3/A6yTAs1yP8c/

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