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Wireless

Samsung sees smartphone market slowing in 2016

Thursday 28 January 2016 | 08:35 CET | News
Samsung Electronics reported a fall in net profit for the fourth quarter, to KRW 3.22 trillion from KRW 5.35 trillion a year ago. Operating profit rose to KRW 6.14 trillion from KRW 5.29 trillion a year earlier, and quarterly revenues were up 0.5 percent year-on-year to KRW 53.32 trillion. The weak sales growth was due to lower revenues from consumer electronics and mobile phones, while the semiconductor and components business continued to grow. Sales at the mobile division fell to KRW 25.00 trillion from 26.29 trillion a year earlier, while operating profit improved to KRW 2.23 trillion

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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