Thursday, 08 December 2016

Samsung sees Q2 profit slump on smartphone slowdown

By Mary Lennighan, Total Telecom
Tuesday 08 July 14

South Korean vendor says demand for smartphones has been slow, while competition has increased, triggering higher marketing expenses.

Samsung on Tuesday warned of a hefty 24% decline in operating profit in the second quarter of the year in no small part due to slowing growth and rising competition in the smartphone market. However, the South Korean vendor said it is "cautiously&quot…

Samsung on Tuesday warned of a hefty 24% decline in operating profit in the second quarter of the year in no small part due to slowing growth and rising competition in the smartphone market. However, the South Korean vendor said it is "cautiously&quot…

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