Samsung 4Q profit rises 17% on smartphone sales
Photo credit: Getty Images | Samsung has recently been stepping up its challenge against Apple Inc. in the global smartphone business, releasing models such as the Galaxy S II. (Jan. 10, 2012)
Samsung Electronics Co. reported a 17 percent jump in fourth quarter profit on the strength of smartphone sales even as the company battled claims it had copied Apple's iPhone.
Samsung said Friday in a regulatory filing that its net profit reached 4 trillion won ($3.5 billion) in the three months that ended in December. The company earned 3.4 trillion won in the same quarter a year earlier.
The...
