News Summary: Samsung has record profit again

The Associated Press

July 27, 2012 at 10:29 AM

FILE - In this July 7, 2010 file picture a man walks past near the logos of the Samsung Electronics at its show room in Seoul, South Korea. A Duesseldorf, Germany, court has issued a split decision in a patent dispute between rivals Apple and Samsung over two of the Korean company's tablet computers. California-based Apple sued to have sales of both the Samsung Galaxy Tab 10.1N and the Galaxy Tab 7.7 stopped. But the Duesseldorf state court ruled Tuesday July 24, 2012 that Samsung made enough changes to the Galaxy Tab 10.1 in its 10.1N that it no longer infringes upon any Apple iPad patents or designs. It said, however, that the back and sides of the smaller Galaxy Tab 7.7 imitated the Apple design in an "unacceptable manner" and ordered European sales stopped. (AP Photo/ Lee Jin-man,File)

NEW HIGHS: Samsung reported another record-high quarterly profit as customers flocked to Galaxy smartphones, helping it outdo rivals at a challenging time for the global tech industry.

THE DEMAND: Samsung, the world's largest maker of mobile phones, televisions and memory chips, benefited from runaway demand for its Android-powered smartphones as rivals including Apple Inc. had yet to release new models.

OTHER BUSINESSES: Samsung saw a slowdown in other consumer electronics sectors such as televisions and personal computers.

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News Summary: Samsung has record profit again

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