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Samsung announces record revenues and profits, but gains mostly from low-end handsets & chips

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Photo: ibtimes.com

Photo: ibtimes.com

Samsung has beaten its earlier forecasts for both revenue and profit in Q3, reporting new records for both at $9.56B profit on revenues of $55.59B.

Samsung had earlier reported that it had sold more than 40 million Galaxy S4 handsets in the first six months, but advised today that most of its mobile growth was in lower-end models, while high-end growth is slowing … 
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