Cellphones spark solid profits for Samsung

04/4/2013 | Bloomberg · Wall Street Journal, The

Samsung Electronics rang up strong profits in the first quarter thanks in large part to its cellphone business, and Q2 is looking even brighter, with the Galaxy S4 going on sale this month, the South Korean company said Thursday. "Samsung's shipments of its flagship smartphone will outpace that of the iPhone sometime in the second or third quarter," analyst Chung Chang Won of Nomura Holdings said.

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Bloomberg · Wall Street Journal, The

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