LED-Lit TVs Help Samsung Earnings Soar

Don't tell Samsung Electronics executives that there's no money to be made making TVs. Samsung, which is fast eclipsing Sony (SNE) as the top TV brand, announced on July 6 that it expects operating profit for the three months ended in June soared fivefold from the previous quarter, to as much as $2 billion. Samsung, which is also the world's top memory chipmaker and the second-largest mobile-phone maker, gave no details in its earnings guidance, but industry watchers say the surprise came from its highly competitive TV business.

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