Samsung Electronics profit jumps ahead of Galaxy S4 debut

Samsung Electronics reported on Friday its sixth straight quarter of profit growth ahead of the debut of its latest Galaxy smartphone, the South Korean IT giant’s biggest assault on rival Apple yet.

By launching the Galaxy S4 in the United States on Saturday, Samsung is taking aim at Apple’s home market at a time when the iPhone maker appears to have hit a snag. Earlier this week, Apple reported its first profit decline in more than a decade and indicated no major product releases until the fall.

via Business feed http://www.scmp.com/business/companies/article/1223570/samsung-electronics-profit-jumps-ahead-galaxy-s4-debut