Samsung's Profit Jumps On Handset Sales In Q2
Samsung this week issued a second-quarter profit forecast of $5.7 billion -- a number that would exceed the company's previous quarterly profit record by more than 14 percent -- and revenue of $41.4 billion. The results were driven in large part by booming demand for Samsung's Galaxy S smartphone. Samsung, now the world's largest mobile device vendor by volume, expects to sell more than 10 million Galaxy S smartphones this month, according to the Associated Press.
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