Samsung announces a record quarterly profit

Samsung according to today's reports have broken its previous quarterly earnings when a report unleashed a profit of $6.6 billion in the last quarter of 2012. With Apple reeling at the moment, Samsung is making a steady progress. The evidence of this has been provided by the report defined above. Last quarter earnings of previous year gathered $6 billion for this tech-gaint, whereas, in 2012 it increased its earnings by 18 percent. But, a 62 percent of this earning came from telecom business which meant other Samsung product were low on sell. This really tells that everything doesn't turn out fine for Samsung.

The Wall street Journal reported that Samsung‘s handset profit margin fell down by 1.4 percent i.e. starting from 18.8 percent and ending at 17.4 percent at the end of the quarter. The growths of their revenue also fell down from 82 percent to 58 percent at the end of the quarter.

source: WallStreetJournal