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| Samsung profits up 76% as mobile earnings double | Samsung profits up 76% as mobile earnings double |
| (35 minutes later) | |
| Samsung Electronics said its profits surged 76% in the last three months of 2012, on the strength of its booming smartphone business. | Samsung Electronics said its profits surged 76% in the last three months of 2012, on the strength of its booming smartphone business. |
| Net income rose to 7.04tn won ($6.6bn; £4.2bn), up from 4.01tn won in the same period a year earlier, beating analysts' expectations. | Net income rose to 7.04tn won ($6.6bn; £4.2bn), up from 4.01tn won in the same period a year earlier, beating analysts' expectations. |
| The Korean firm said its mobile profits more than doubled over the same period. | |
| Last year, Samsung became the world's biggest smartphone maker, overtaking Apple, its main rival in the sector. | |
| Samsung's display division, which makes flat panels for TVs, rebounded in the fourth quarter, making a profit after a loss a year earlier. | |
| The sales boost came from the organic light-emitting diodes, or OLED, screen used in the Galaxy smartphones. | |
| Samsung's Galaxy line of smartphones and tablets has been its top seller, driving profits. | |
| The firm said its capital spending this year will be similar to 2012 levels, despite analyst expectations that it would be cut. |