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Samsung surprised with strong profit increase

The electronics giant Samsung cemented its position as market leader in smartphones with unexpectedly good financial results. On Friday, the Korean company said its outlook for the fourth quarter, exceeding analysts' expectations in terms of profit, and with regard to sales revenue. The leading driver of profit growth in the amount of 73% over the previous year were a record high sales of mobile phones, as concern has sold 35 million devices. So in this segment significantly ahead of Samsung American rival Apple and remains the largest technology concern in the world with regard to income. Between October and December Samsung expects operating profit of 5.2 billion won (about 3.5 billion), while analysts polled by Reuters had expected 4.7 billion won. This may be the highest profit in the history of the concern. Revenues are expected to be around 31 billion euros and thus also significantly surpassed expectations. In late January, Samsung will present its detailed financial data. The experts had expected really strong performance. In fact, Samsung is struggling with weak market for memory chips, where the company is also a world leader. But customers were convinced of smartphones Koreans. Here, competitors such as HTC, Nokia and Research in Motion has not fared with their latest devices.
Samsung surprised the markets with unexpected good data for the third quarter. Then the Koreans have surpassed Apple in terms of smartphones. Samsung makes good business and computer chips for mobile use and high performance OLED displays. And Apple is an important customer of Samsung - Californians embedded chips from Samsung in the iPhone and the iPad. However two concerns proceedings before numerous courts for various patents, Samsung can not sell the affected devices in some countries, including Germany.