Samsung Posts Huge Quarterly Profits
Samsung Electronics posted a record $5.15 billion quarterly profit and predicted that its Galaxy smartphones, which outsell Apple’s iPhone and will be upgraded in the coming week, would bulk up earnings in the current quarter.
This is huge news to Samsung who has been stepping up its competition with Apple. Samsung and Apple together controlled 90 percent of the market last year and that is not expected to change much this year or next, according to analysts. With the impending arrival of Samsung’s newest Galaxy smartphone, Samsung sales will continue to rise. For all things Samsung, including appliances and electronics, visit our Samsung store at Abt.com!