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Samsung predicts record Galaxy profits

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Samsung has estimated that its Galaxy line of products has seen another record-breaking fiscal quarter.

The company predicts the product range has generated operating profit of $7.3 billion (£4.5bn), a 90% year-on-year increase compared with the same period in 2011.

Samsung Galaxy camera
Samsung Galaxy Note 2


Third-quarter sales of Galaxy devices topped 52 trillion won, a figure which surpassed estimates and continues to rise despite fierce competition from Apple.

The release of the iPhone 5 and the Cupertino firm's patent victory over Samsung do not appear to have harmed the Galaxy line.

Recent sales figures for the flagship Galaxy S3 suggest that it has seen an average weekly sales increase of 9% since the release of Apple's iPhone 5.

Samsung announced in July that its mobile arm accounts for 63% of its operating profit. It will announce its latest quarterly results on October 26.

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