Samsung 4Q profits top forecasts on Galaxy sales

Samsung Electronics' Galaxy Note II is displayed at the showroom of the company's headquarters in Seoul, South Korea, Friday, Jan. 25, 2013. Samsung Electronics Co. said quarterly profit soared 76 percent, boosted by the popularity of its Galaxy smartphones, which outsold the iPhone for a fourth straight quarter. But the company said Friday it expects earnings to decline during the current quarter because of seasonally low demand for consumer electronics. (AP Photo/Ahn Young-joon)SEOUL, South Korea (AP) — Samsung Electronics Co. said quarterly profit soared 76 percent, boosted by the popularity of its Galaxy smartphones, which outsold the iPhone for a fourth straight quarter.


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