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Samsung's Q3 operating profits of $9.6 billion is a new record

Samsung posts yet another record profit, this time for Q3 at $9.6 billion, thanks its memory and cheap Galaxy handsets (KRX:005930)
| Business, Financial & Legal News | Posted: Oct 25, 2013 9:31 am

While other companies seem to be struggling to post massive profits and keep their share prices high - I'm talking about Apple, folks - its biggest competitor has just posted another record high in operating profits.




Samsung has just posted its earnings for the Q3 period, with profits of $9.6 billion setting a new record high for the South Korean giant. The increased profits are thanks to its cheaper Galaxy smartphones, as well as profits from its memory side of things - such as Flash storage and RAM. Samsung has seen increased demand for its chips in the upcoming next-gen consoles, smartphones, servers, PCs and much more.


The company is seeing less profits on its TVs as prices continue to drop, but sales of its 60-inch and higher TVs are said to be growing.


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