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Samsung Profit Beats Estimates as Galaxy Fends Off IPhone

Samsung Electronics Co. the world’s largest maker of mobile phones and TVs, boosted quarterly profit 89 percent as its Galaxy smartphones fended off competition from Apple Inc.’s iPhone 5.

Operating profit jumped to a record 8.8 trillion won ($8.3 billion) in the three months ended December, Samsung said in a statement of preliminary results today. That compares with the