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Wireless

Samsung Q4 operating profit lower as smartphone sales slow

Friday 24 January 2014 | 08:56 CET | News
Samsung Electronics reported a drop in fourth-quarter operating profit, as the company increased marketing in an attempt to fight off growing competition in the smartphone and tablet market. While revenues increased to KRW 59.28 trillion from KRW 56.06 trillion a year earlier, operating profit dropped to KRW 8.31 trillion from KRW 8.84 trillion. Net profit still improved slightly, to KRW 7.30 trillion from KRW 7.04 trillion a year ago. At the IT & Mobile division, revenues rose to KRW 33.89 trillion from KRW 30.71 trillion in the year-earlier period, while operating profit was flat

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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