Samsung Net Profits Rise in 4Q

  • January 28, 2011
Samsung Electronics reported that net profit rose 13% in the fourth quarter amid higher sales of semiconductors and smartphones, giving the company a record year, earning $3.1 billion in the three months ending Dec. 31. However, the tech company warned of a cloudy outlook for 2011 as weak prices for components and electronics negatively impact profitability.

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