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News

01 August 2012

Samsung posts record $5.9-billion profit on smartphones

Samsung Electronics Co., the world’s top technology firm by revenue, reported a record quarterly profit of $5.9-billion (U.S.) on Friday, as rampant sales of its smartphones more than offset a tumble in memory chip prices.

The South Korean firm reported April-June operating profit of 6.72-trillion Korean won ($5.86-billion U.S.), in line with its earlier estimate of 6.7-trillion won and up 79 per cent from a year ago.

http://www.theglobeandmail.com/