Samsung Quarterly Profit Beats Estimates on Galaxy Phones
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Samsung Electronics Co., the world’s biggest maker of TVs and mobile phones, reported a record profit surpassing analysts’ estimates as the popularity of its Galaxy devices helped widen the sales lead over Apple Inc.’s iPhone.
Operating profit jumped 91 percent to 8.10 trillion won ($7.3 billion) in the three months ended in September, Asia’s biggest consumer electronics company said in a statement today. The average of 32 analysts’ estimates compiled by Bloomberg was