Samsung smartphone sales are up, and so are the South Korean company's third quarter profits. Much of the credit should go to the blockbuster Samsung Galaxy III smartphone.
Forget all those legal entanglements.
Samsung Electronics announced today that it raked in $7.3 billion in operating profits in the third quarter of 2012 – a record for the South Korean tech giant. Samsung attributed approximately two-thirds of that profit to sales of smartphones such as the Samsung Galaxy III, which surpassed even the mighty Apple iPhone in some markets. (Samsung has said it sold a whopping 20 million Galaxy III handsets globally in just over three months.)
Horizons readers will remember that last quarter, Samsung shipped almost twice as many smartphones globally as Apple – 50 million compared to Apple's 26 million. (In total, 176 million smartphones were shipped in the second quarter of 2012.)