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Samsung sets a record, but below expectations: profit of 3,7 billion in the second quarter (+48%)

For Apple's Korean rivals, a record profit of 3,7 billion euros, +48% compared to 2011, mainly driven by the sales boom of the new Galaxy S3 smartphone.

Samsung sets a record, but below expectations: profit of 3,7 billion in the second quarter (+48%)

Just like those of Apple a few days ago, which disregarded the predictions of analysts even though they were very good on paper, also the Samsung's second-quarter results were record-breaking but slightly disappointing when compared with the expectations of economists.

The Korean rivals of the Cupertino company, although they were strong in the historic overtaking in the sale of smartphones to the detriment of the bitten apple (thanks above all to the boom of the new Galaxy S3, which in just two months has sold 10 million models), closed the second quarter of 2012 with a record profit of 3,7 billion euros (+48% compared to the same period last year). Revenues were also progressing, growing by 21% to 33,9 billion euros while the gross operating margin reached 6,27 billion euros, a clear increase (+79%) compared to 2010.

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