Samsung Bucks Economy and Sells 52 Million Phones Last Quarter

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Samsung managed to sell 52 million phones last quarter, besting Sony and coming within spitting distance of the Apple iPhone. However, the company’s overall profit is still down 44 percent, due to aggressive pricing and marketing. Samsung’s profits for last quarter were a respectable $850 million dollars. Not too shabby.

The handset division led sales for the company, clocking in at 52 million phones sold. This could be accounted by Samsung’s recent adoption of the "Nokia strategy", which features big pushes at both the high and low ends of the market. Samsung has managed to prove that although times are tough, the financial storm can be weathered.