Samsung Q4 Profit Soars To $8.3 Billion

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Its huge, yes that’s true. Samsung outed its Official Q4 reports which says that Samsung likely earned a quarterly profit of $8.3 billion, as it sold close to 500 handsets a minute and as demand picked up for the flat screens it makes for mobile devices, including those for rival Apple Inc products. This number is 8.6 percent more than the previous record in July-September. The company estimated its fourth-quarter sales at 56 trillion won ($52.6 billion).

The South Korean tech giant has outperformed the former number smartphone maker, Apple Inc, despite a strong launch of iPhone 5 in the United States.

More: Reuters

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