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Samsung has estimated its first quarter operating profit increased by 53 per cent to US7.7 billion, marking the end of five straight quarters of record profits.
The company said sales of mid-tier smartphones helped it ride out the post-Christmas down season from January to March. It is expected to release full quarterly results by April 26.
Reuters quotes analysts as saying earnings are likely to hit a new high when its new Galaxy S4 smartphone enters the market later this month.
HumanIPO reported on the launch of the Galaxy S4 last month, the latest in a phone series that has fuelled Samsung’s earnings growth.
