“Samsung Electronics Co., the world’s largest maker of televisions and mobile phones, posted a record quarterly profit that beat analysts’ estimates as surging sales of Galaxy smartphones helped it challenge Apple Inc.’s iPhone,” Jun Yang reports for Bloomberg.

“While seeking to cement its dominance in TVs with new models, Samsung is targeting record phone sales this year to keep its lead over Apple, a key customer it’s also been fighting in global patent lawsuits,” Yang reports. “Operating profit may be 200 billion won higher or lower than today’s preliminary estimate when audited results are announced later this month, Samsung said. The company didn’t provide net income for the quarter or divisional earnings.”

Yang reports, “Shipments of the Galaxy S III, the latest version of Samsung’s best-selling smartphone line-up, probably totaled 7 million units by the end of June since the model went on sale the previous month, Song Myung Sup, a Seoul-based analyst at HI Investment & Securities Co., said in a June 27 report.”

Read more in the full article here.

MacDailyNews Take: Obviously, crime continues to pay. Very well.

Apple’s products came first, then Samsung’s:

Samsung Galaxy and Galaxy Tab Trade Dress Infringement

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