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News Summary: Galaxy sales drive Samsung 4Q profit

Published on NewsOK Modified: January 25, 2013 at 2:56 pm •  Published: January 25, 2013

OUT OF THIS WORLD: The growing popularity of Galaxy smartphones helped lift profit in Samsung's latest quarter by 76 percent to $6.6 billion.

NO IPHONE ENVY HERE: Samsung Electronics Co. overtook Apple Inc. as the top smartphone maker last year. Its operating profit from the division that makes and sells smartphones and tablets more than doubled in the fourth quarter.

CAUTION: But the South Korean company warned that it expects a strong won, South Korea's currency, to cut into its earnings this year.


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