VodkaPundit

Another Record for Samsung

Microsoft might be begging HTC to run Windows Phone, but they won’t be going hat in hand to Samsung any time soon. Here’s why:

Samsung Electronics said its operating profit for the July-September quarter rose to another record high.

The South Korean company said in its Friday earnings preview that its third-quarter operating income rose 25% over a year earlier to $9.4 billion.

The result is slightly higher than the market consensus of $9.3 billion, according to FactSet, a financial data provider.

The maker of Galaxy smartphones said the third-quarter sales increased 13% to a record-high $55 billion.

That’s a damn fine quarter.

Of course, they’re still a bunch of cheats.