Samsung Q1 Profit Surges 81% On Strong Smartphone, Tablet Sales
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L) reported new Thursday that profit for the first quarter surged 81 percent from last year, boosted by improved margins and great sales of its Galaxy smartphones and the Galaxy Note mini tablet, offsetting weak performance at the memory scrap... Amid a global patent war, Samsung is currently locked in patent infringement battles with Apple at courts in several countries in the European Combining, the U. S. and Asia, involving smartphone and tablet patents for the past one year since April 2011. Earlier in the month, Samsung had estimated first-division sales of about 45 trillion won, with an operating profit of about 5. ( AAPL ) in smartphone shipments in 2011 and the shipments are estimated by Stock Exchange analysts to exceeded Apple's iPhone sales by a large margin in the first quarter. Quarterly sales at Samsung's telecommunication segment surged 70 percent to 23. 22 trillion won, with 86 percent growth in mobiles sales. 78 trillion won in the quondam-year quarter, and 26. 95 trillion won last year, with operating margin expanding 490 basis points to 12. 30 trillion won in the fourth shelter. 30 trillion won in the prior quarter. 0 trillion won in the preceding fourth quarter. Samsung has reportedly by the skin of one's teeth beat Apple, Inc. 27 trillion won from last year's 36. com) - South Korean conglomerate Samsung Electronics Co. Ltd. 99 trillion won, but declined 4. 05 trillion won or $4.
Source: NASDAQ