Samsung's official Q1 earnings show $6.4 billion in net profit

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Samsung has released its Q1 2013 numbers and as it predicted a few weeks ago, business continues to boom. Operating profits are 8.78 trillion won as predicted, while net profit is up to 7.15 trillion won ($6.4 billion), up sharply from the same quarter last year when its net profit was 5.50 trillion won. Last year at this time we were still anticipating details on the Galaxy S III, but this time around Samsung is on the eve of its worldwide launch for the Galaxy S 4, which should push sales even higher. We’re still digging through the numbers now, we’ll have more information on just how it made all that cash (hint: lots of Galaxy phones) in a moment.
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Filed under: Cellphones, Home Entertainment, HD, Mobile, Samsung
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Source: Yonhap, Bloomberg, Reuters