Samsung's profit tumbles by 18% in Q4 due to slowed smartphone sales

Last Updated: Saturday, January 25, 2014 - 13:47

Washington: South Korea n smartphone maker Samsung has reported nearly 18 percent decline in operating profit in the fourth quarter, due to slowing sales of high-end smartphones.

According to Cnet, Samsung's operating profit stood at 7.8 billion dollars, marking the company's first quarterly profit decline in two years.

Meanwhile, the company also warned that the first half of 2014 would remain weak.


First Published: Saturday, January 25, 2014 - 13:47

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