Samsung Electronics said that its IT and mobile communications division increased sales by 67% year-on-year in the third quarter to 29.92 trillion Korean won (27.25 billion US dollars). Samsung said that "it saw a substantial increase in revenue/profit QoQ driven by rising sales in high-end smartphones, enhanced product mixes, etc." It added: "Smartphone shipments increased significantly due to global expansion of GalaxyS III and reinforced line-ups of mid/low-end products." source: Samsung presentation
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