Samsung Electronics, the world's largest consumer electronics maker, said its fourth-quarter profit rose 76 percent to another record high on strong sales of Galaxy smartphones and tablets.
The South Korean electronics giant today reported a net profit of 7.04 trillion won ($6.6 billion), up from 4.01 trillion won in the same period a year earlier.
It was the fifth consecutive record quarterly profit for Samsung, which reported fourth-quarter sales of 56 trillion won ($52.6 billion), a 19 percent increase. Nearly half of that revenue came from its mobile communications division, particularly strong sales of its … Read more