Samsung profits reach record levels


 

Led by the continued success of its Galaxy smartphones and tablet devices, the company expects operating profits for the period to come in at $7.3 billion, almost double that of 12 months ago.

Despite Samsung’s high profile issues with Apple dominating the headlines in recent months, smartphone sales, particular of its flagship Galaxy S3 model, continue to drive the business forward.

In addition to its mobile phone business, stronger than expected sales figures of Samsung’s high-end television models have also contributed to its success during the third quarter of 2012. Early reactions to the news sent the company’s shares up by 1.5 percent.