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"Samsung's revenue and profits are growing at a nearly Apple-level pace, at least for now.\nThe company announced Friday that it generated revenues of $52.4 billion in the December quarter, an increase of about 18.5% from the fourth quarter in 2011 and just shy of the record $54.5 billion in revenues that Apple reported for the same quarter. \nEven more impressive, Samsung posted a net profit of $6.6 billion for the quarter, an increase of more than 75% from the same period a year ago and a new record for the company. Much of this was driven by its success with smartphones and tablets: the operating profit for Samsung's mobile division more than doubled to about $5 billion for the quarter.\nWhile it was a strong earnings report for the company, Samsung noted during the earnings call that demand for smartphones will likely \"decelerate\" in developed countries in the coming quarter, though demand for cheaper smartphones will likely stay strong in emerging markets. \nPhoto by Nina Frazier, Mashable"^^<http://www.w3.org/2001/XMLSchema#string>
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