Samsung hopes for better H2 after drop in Q2 results

Thursday 31 July 2014 | 09:04 CET | News
Samsung Electronics reported a drop in second-quarter results, hurt by the slowdown in the tablet market, costs for launch of its new flagship smartphone and increased competition on the low end of the market, especially in China. Revenues were down to KRW 52.35 trillion from KRW 57.46 trillion a year ago, and operating profit dropped to KRW 7.19 trillion from KRW 9.53 trillion. The mobile handset division recorded operating profit of KRW 4.42 trillion on sales of KRW 28.45 trillion, down from profit of KRW 6.28 trillion and sales of KRW 35.54 trillion a year earlier. Samsung said the

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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