Samsung Posts Profits in Q4, Attributes Success to Smartphone Sales

South Korea based consumer electronics maker Samsung has announced a 17 per cent increase in its profit for the last quarter of 2011. The company attributed the impressive rise in profits to a boost in its smartphone sales. According to the company, its net profit during the last three months of the past year stood at 4 trillion won (or $3.6 billion) as compared to 3.42 trillion won earned during the same quarter a year ago. However, the overall profit was down by...