The South Korean company Samsung announced record profits of 8.1 trillion won ($7.3bn; £4.5bn), last quarter, setting a new personal-best for the firm, nearly double last year’s figure and sending Samsung shares 1.5% higher. Samsung’s screens, semiconductors, televisions, smartphones like Galaxy S III and other high-profile Android devices, sales drive much of the profit at the company.
[box_dark]”Stronger than expected sales of Galaxy S3 and high-end television models appear to have propelled strong earnings growth in the third quarter,” said Lee Sun-Tae, from NH Investment & Securities.[/box_dark]
There is no stopping for Samsung’s growth except for iPhone 5 and the patent battle with Apple where Samsung has been told to pay Apple over $1 billion. Samsung’s Galaxy S III sales are actually jumping in number initially despite Apple’s lawsuit and the increased attention on the iPhone refresh. The company is due to officially report full earnings later this month.