YouMobile on Facebook YouMobile on Google+ Follow YouMobile on Twitter

Samsung Profit declines 60% on the Q3 Earnings Report

7 October, 2014 Samsung

samsung profit decline


The Smartphone market is unstable, it has its ups and downs. Samsung announced its earnings guide for Q3 2014. The Korean giant expects a significant drop in profits over the same period last year about 60% to be precise.


The company expects to record profits of 4.1 trillion won (about $3.8 billion) from approximately 47 trillion won in sales. The latter are down 20% from this time last year.


Smartphone sales by Samsung are slightly up for the period. However, increased marketing costs and declining product prices hurt the company's bottom line.

 

Source

 


Please Follow Our Community Guidelines or your comments will get deleted or blocked
Description

youmobileorg
Posts: 4953





© 2018 YouMobile Inc. All rights reserved