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Phoenix666 [soylentnews.org] writes:

Samsung Electronics has reported a jump in profit for the last quarter [itworld.com] even as competition in the smartphone market remained intense.

The company reported sales of 51.7 trillion won (US$45.1 billion) for the quarter, up 9 percent from the same period a year earlier, and net profit of 5.5 trillion won, up 29 percent, Samsung announced Thursday in Korea.

The higher sales came largely from strong demand for Samsung's chips and flat-panel displays, which account for more than a third of its total business, while profits were helped by the weak Korean won.

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