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GALAXY Samsung Posts Record Q4 Profits Lee Jin-man / AP Photo

Samsung Posts Record Q4 Profits

Samsung Electronics announced record profits in the fourth quarter Friday, on the strength of best-ever sales of its high-end smartphones. It posted $4.5 billion in operating profit from October to December 2011. The South Korean firm surged past Apple as the top smartphone maker in the world earlier this year and is doing well while competitors like HTC, Nokia, and BlackBerry are struggling.

January 6, 2012 7:08 AM