Samsung again smashes records with a $6.6 billion profit

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Samsung Q4 Earnings

Samsung

Apple’s (AAPL) growth may have stalled for now, but the good times are still rolling for Samsung (005930). The Korean electronics manufacturer reported on Friday that it earned a $6.6 billion profit last quarter, thus breaking the previous record $6 billion profit it posted in the previous quarter. The Wall Street Journal also reports that the company’s revenues increased 18% year over year and that its telecom business “accounted for 62% of its operating profit.” All was not perfect for Samsung, however, as the Journal also notes that the company’s handset profit margins “fell to 17.4% in the fourth quarter, down from the 18.8% marked in the previous quarter” and that “cellphone year-on-year revenue growth was 58%, down from 82% in the third quarter.”

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