Samsung's quarterly profit 'likely' to hit $8.3bn
- South Korea: Wednesday, January 09 - 2013 at 03:35
Samsung Electronics has said it likely earned a quarterly profit of $8.3bn, as it sold close to 500 handsets a minute and as demand picked up for the flat screens it makes for mobile devices, including those for rival Apple Inc. products, Reuters has reported. Samsung has outpaced Apple - its biggest rival and biggest customer - despite the US firm's launch of the latest iPhone 5, with sales momentum boosted by its Galaxy Note II phone-cum-tablet in the fourth quarter. iPhone 5 sales were a little below expectations, analysts said.
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