Samsung's Profit Surges To 2-year High On Galaxy Phone Sales

SEOUL, South Korea (AP) — Samsung Electronics Co. reported Thursday forecast-beating earnings results that were the best in two years as consumers snapped up its Galaxy smartphones in signs of a revival in its mobile phone business. Samsung, the world's largest smartphone maker, beat forecasts even as growth in the overall smartphone industry slows and as its rival Apple, the world's second-largest smartphone maker, struggles to boost iPhone sales. Samsung introduced the first of its flagship Edge smartphone series last year, which featured curved display that wraps around two corners of the device. Samsung said sales of OLED, or organic light-emitting diode, display panels went up, helped by healthy sales of flagship smartphones and higher demand for flexible displays for the S7 Edge.

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