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APR 26, 2013 - Business Insider

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Samsung Profit Hits Record High As Apple Collapses

Samsung sets record-high profit for 1Q as smartphone growth continues even before Galaxy S4 SEOUL, South Korea (AP) — Samsung Electronics Co. said Friday its first quarter profit jumped to a record high as smartphone sales remained strong despite the April launch of an updated version of its flagship Galaxy phone. Sales of consumer electronics usually slow in the first three months of the year after the holiday shopping season, an effect that analysts thought would be compounded by this month's release of the Galaxy S4 smartphone since many delay buying until the newest model is ... Read More

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