Galaxy drives up profits for Samsung

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Poor journalism

The article says Samsung cleared $3.06 billion in the same period - so slightly less than 25 % of Apple's admittedly fantastic results but still impressive. But above it also says $4.7 billion in the fourth quarter. I guess that refers to Samsung as a whole and the smaller sum to Samsung Electronics.

In any case it looks like Samsung is making enough money not to worry about being bought out of the market; a favourite trick used by listed companies to rid themselves of pesky competition. Presumably this has been the cue for the legal attacks.


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