Losing a $1 billion patent verdict could be a drop in the bucket if Samsung (005930) keeps raking in this kind of cash. Reuters reports that Samsung last quarter posted a record profit of $7.3 billion, largely on the strength of its smash-hit Galaxy S III smartphone, whose sales were more than able to offset the drop in orders for screens and chips from rival Apple (AAPL). Overall the company is expected to record a $25 billion profit for the entire year.
Samsung profit soars to $7.3 billion on the strength of the Galaxy S III
Updated Dec 19th, 2018 8:38PM EST
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
