The Modern Businessman

Insight into current trends in Business, Finance, Psychology, Economics, and Fitness.

This blog provides running commentary on impactful and relevant current events and research. Insights into topics including Business, Finance, Psychology, Economics, and Fitness are provided by a rising Industrial/Organizational Psychologist.

Samsung Estimates Record Profit

October 04, 2013 by Aaron Kraus

Samsung estimates record profit:

I wrote this morning about how Apple had lost its innovative way and as a result, market share in smartphones to Samsung. Samsung estimates that its operating profit jumped nearly 20% to a quarterly record of almost $9.5B. Sales appear to have grown almost 15% this quarter. These records are a good sign for Samsung, and another bad sign for Apple.