Technology8.07.2014
Samsung’s profits slump
Samsung Electronics estimated that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, hit by slowing smartphone sales and a strong won.
Operating profit was estimated at 7.2 trillion won ($7.1 billion) for the April-June period, compared to 9.53 trillion won a year ago – the South Korean electronic giant’s third straight quarter of year-on-year decline.
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