, Samsung Operating Profit Grows 85% on Smartphone Sales
Samsung Electronics Co. has beaten analysts’ expectations in the third quarter. The world’s largest technology company by sales saw an operating profit growth of over 85 percent due to strong Galaxy smartphone sales. A record profit in the three months to September of approximately $7.3 billion was reported by Samsung Electronics. The Samsung Electronics’ profit nearly doubled last year’s results thanks to strong sales in both high-end TVs and Galaxy smartphones which balanced reduced orders for chips and screens from company’s biggest rival, Apple Inc.
