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Samsung notches record profits, wants to overtake iPhone

November 1st, 2010        

Samsung notches record profits, wants to overtake iPhone

Wow, Samsung is on a roll here. If we just look back a year ago, everyone was struggling with the recession economy crisis, but now Samsung is posting record breaking revenue. The numbers reaches ₩40.23 trillion ($35.8 billion) as well as profits (₩4.46 trillion; $3.96 billion) in this latest quarter. Credit goes to strong semiconductor performance for the bulk of its newfound fortune. A tip of the hat was also given to its mobile communications business, with the outfit moving a staggering 71.4 million phones during Q3 2010 (a 19 percent boost year-over-year). Reports are noting that between five and seven million of those were of the Galaxy S variety, and it’s hoping to sell ten million of ‘em before the close of this year. Careful Apple, somebody’s close on your tail.

SOURCE via Bloomberg

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