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Samsung vs. Apple: Galaxy fends off iPhone 5 challenge

Originally published: January 8, 2013 7:54 AM
Updated: January 8, 2013 8:26 AM
By BLOOMBERG NEWS

The Samsung Galaxy S III was the best-selling

Photo credit: Samsung | The Samsung Galaxy S III was the best-selling smartphone in the world during the third quarter of 2012, according to Strategy Analytics.

Samsung Electronics Co. the world's largest maker of mobile phones and TVs, boosted quarterly profit 89 percent as its Galaxy smartphones fended off competition from Apple Inc.'s iPhone 5.

Operating profit jumped to a record 8.8 trillion won ($8.3 billion) in the three months ended December, Samsung said in a statement of preliminary results today. That compares with the 8.5 trillion-won average...

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