Samsung said profit fell for a second straight quarter as sales in its smartphone division continued to dip. The South Korean electronics giant announced its earnings for Q1 2014 this morning, and its operating profits for the period fell 3.3% from the year-ago-quarter.
Investors are particularly concerned with the growing trend of slumping handset sales—Samsung’s mobile division is also down 1.2% year-over-year. The just-released Galaxy S5 is expected to give its Q2 numbers a boost, but the future beyond that is less than certain…... Read the rest of this post here
"Samsung profits fall in Q1 on slowing high-end smartphone sales" is an article by iDownloadBlog.com.
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