Samsung’s Profits in the October to December period reached 5.3 trillion won or about 4.7 billion dollars up 76-percent compared to the same quarter a year earlier.
Samsung’s sales for the same period hit 42 billion dollars beating market expectations.  Samsung has benefited from the explosive growth of mobile devices. Samsung’s overall revenue for the year reached 147 billion dollars with an operating profit margin of 10-percent a second consecutive record. Samsung’s soaring smartphone salestotalling 36.5 million units in the final quarter of the year cushioned pressure from declining earnings in the company’s display panel and memory chip sectors.
With Apple’s iPhone 5 and Samsung’s Galaxy S-3 to be released later this year — competition for the title — world’s best-selling smartphone maker – is expected to ramp up.
