Samsung Expects Record Operating Profit
Samsung Electronics Co. said Tuesday that it capped its best year ever with another record quarterly profit, but momentum slowed in the last three months of 2012 and analysts anticipate the company will rely on chips more than smartphones for profit growth in 2013.
With its quarterly announcement to guide investors before it reveals full results later in the month, Samsung again showed that it is not just the largest company by revenue in high technology but one of the strongest, with operating profit continuing to grow faster than sales.
