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Technology Stocks : Apple Inc.

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

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From: Moonray	1/7/2013 8:15:01 PM
	1 Recommendation Read Replies (2) of 213176

Samsung Profit Beats Estimates as Galaxy Fends Off IPhone 5 Samsung Electronics Co. (005930), the world’s largest maker of mobile phones and TVs, reported higher-than- expected fourth-quarter earnings as sales of Galaxy smartphones withstood the debut of Apple Inc. (AAPL)’s iPhone 5. Operating profit rose 89 percent to 8.8 trillion won ($8.3 billion) in the three months ended December, Samsung said in a preliminary earnings statement today. That compares with the 8.5 trillion won average of 35 analyst estimates compiled by Bloomberg. The Suwon, South Korea-based company didn’t give net income or divisional figures. Earnings at Samsung’s mobile business probably doubled from a year earlier, according to a Bloomberg News survey of five analysts, helped by demand for Galaxy Note II and Galaxy S III phones. That contrasted with slower than expected sales of the iPhone 5, which entered the market in September, following glitches with mapping software. More at: bloomberg.com o~~~ O

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