Samsung estimated record profits in the three months to Sept.
Samsung is one of the biggest high-end electronics manufacturers, producing and selling phones, TVs and etc. Led by the strong sales of its smart phone product Galaxy S3, Samsung expects its operating profits to hit 8.1 trillion won which is $7.3 billion for a single quarter. Although this expected profit is fairly stunning, Samsung still has unending lawsuits with Apple which sued Samsung for violating several of Apple’s patents. A recent law court that asked Samsung to pay more than $1 billion to Apple also confirmed this shadow over Samsung.
In my opinion, although it will definitely cost Samsung some money to Apple, since I also personally think that Samsung copied some features from iPhone, I still believe that the Samsung’s future performance would be satisfying. It is largely due to its technology similarity with its major competitor Apple’s iPhone and its price competitiveness compared to iPhone. But undeniably speaking, these two companies are dominating the smart phone markets.
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