11/2/2009

Samsung, the world's No. 2 mobile-phone maker, reported a 23% increase in operating income in its third quarter after handset sales leaped 16% from a year earlier to 60.2 million units on the back of demand for the company's touch-screen handsets and growth in emerging markets. Samsung also predicted continued strength in mobile-phone sales, but it warned of "price competition" because of the introduction of more midrange and low-cost phones from rivals.

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