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Samsung reports record quarterly profits of $7.3 billion

Published Last updated This article is more than 2 years old.

A link from Reuters

Samsung Electronics nearly doubled quarterly profits to $7.3 billion on the back of strong sales of high-end TVs and Galaxy smartphones. Sales were enough to offset lost orders for chips and screens from Apple, its main rival and leading customer. Analysts expect a slower next quarter as the South Korean company ramps up marketing to counter Apple’s new iPhone and other products.

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