Sunday, 04 December 2016

Samsung's profits slide as phone unit underperforms

By Mary Lennighan, Total Telecom
Friday 24 January 14

South Korean vendor posts 11% decline in net profit in final quarter of 2013.

Samsung on Friday announced that net profit for the last three months of 2013 declined by 11% compared with the previous quarter, sparking concerns over the performance of its mobile phones business. The South Korean vendor attributed the slide to economic conditions and currency effects, but operating profit at its mobile unit slid and it did not divulge how many devices it shipped…

Samsung on Friday announced that net profit for the last three months of 2013 declined by 11% compared with the previous quarter, sparking concerns over the performance of its mobile phones business. The South Korean vendor attributed the slide to economic conditions and currency effects, but operating profit at its mobile unit slid and it did not divulge how many devices it shipped…

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