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Samsung profit soars to $7.3 billion on the strength of the Galaxy S III

Updated 4 years ago
Published Oct 5th, 2012 7:31AM EDT

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.


Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.