Samsung profit up 91%

South Korean technology powerhouse Samsung Electronics posted a fourth straight record quarterly profit of $7.4 billion. Samsung said July-September operating profit increased 91 per cent from a year ago to 8.12 trillion won ($7.39 billion), in line with its earlier estimate. Net profit rose to 6.56 trillion won. Samsung sold 56.3 million smartphones in the third quarter, according to research firm IDC, giving it a market share of 31.3 per cent.