Samsung Profit Hits Record High on Surging Smartphone Sales

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Samsung's rolling in the dough after posting a profit of 5.3 trillion won in 2011, or $4.73 in U.S. currency, representative of a staggering 79 percent year-on-year growth rate. Smartphone sales have been for key for Samsung, and despite ongoing litigation with Apple over patent infringement claims, Samsung's shipped more mobile phones in...

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