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Samsung Report On Earnings Reveals Challenges Ahead

By DMO Affiliate
No wonder Samsung Electronics is so busy looking for a new hit gadget. Its signature product, the smartphone, is facing unanticipated challenges. Samsung, the worlds largest maker of smartphones, said Tuesday that its operating profit in the fourth quarter had declined from the third quarter of 2013, and also compared with the fourth quarter of 2012. As usual, the company, based in Suwon, South Korea, released only a bare-bones forecast in advance of a full quarterly earnings report later in the month. It provided no reasons for the expected decline. But analysts said softness in smartphones, which account for more than half of Samsungs earnings, was probably a big reason.
Samsung Report On Earnings Reveals Challenges Ahead

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