Samsung electronics quarterly profit – CWEB.com

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Samsung electronics quarterly profit – CWEB.com

Just released Samsung Electronics said Friday its first-quarter profit jumped 48 percent, a better-than-expected result that analysts believed to be driven by strong smartphone components. The quarterly earnings preview show that how Samsung’s business is booming while its stock trade near historic highs, despite unprecedented crises in recent months. Samsung scrapped its flagship smartphones last year after they overheated and caught fire, leaving billions of dollars in financial damages and hurting its reputation.

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