Samsung operating profits nearly double

Samsung Electronics Co. forecast another record quarterly operating profit, likely driven by strong sales of high-end smartphones that offset weak semiconductor orders.

The guidance for Samsung’s third quarter earnings showed it was on track to report a record-high profit for a fourth straight quarter, despite legal tussles with Apple Inc. that resulted in a $1 billion compensation judgment in August

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Samsung estimated in a regulatory filing that its July-September operating income nearly doubled to 8.1 trillion won ($7.3 billion) from 4.25 trillion won a year earlier.

Read more: Calgary Herald

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Apple Announces Stunning Earnings

Apple has posted impressive quarterly earnings for the 14-week period ending on December 31, 2011.

According to a press release, the company reported a quarterly revenue of $46.33 billion, as well as a quarterly net profit of $13.06 billion, or $13.87 per diluted share, the company's best quarterly results yet.

"These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter," per the release.

Read more: Huffington Post

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