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Samsung mobile revenues under pressure in Q4, sees better Q1

Tuesday 24 January 2017 | 08:59 CET | News
Samsung Electronics reported lower mobile phone revenues for the fourth quarter after its problems with the Galaxy Note 7, but still grew group results thanks to higher sales of semiconductors and displays. Mobile revenues were down 6 percent year-on-year tand up just 3 percent from Q3 to KRW 22.65 billion. Operating profit at the IM division, which also includes network equipment, still improved strongly, to KRW 2.50 trillion from KRW 2.23 trillion a year ago. Samsung said earnings improved due to strong smartphone sales and better profitability for low and mid-end products. Shipments of its

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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