Quick Jump

Last News...

Samsung launched the Galaxy S Light Luxury in China
LG launched LG Q7, Q7 Plus And Q7 Alpha
Huawei Y5 Prime (2018) goes official
Specs of the Galaxy J4 leaked

Samsung revenues declined remarkably for the third quarter

Thursday, October 30, 2014

According to businessinsider.com, SEOUL, South Korea (AP) — Samsung Electronics Co. says its third-quarter income has plunged 49 percent to the lowest level in nearly three years as its handset business slows down.

Samsung said Thursday its net income for the July-September quarter was 4.2 trillion won ($4 billion), a sharp decline from 8.2 trillion won a year earlier. The income was the lowest since 2012 but above market expectations. Analysts polled by Factset expected 3.7 trillion won income.

Sales fell 20 percent to 47.4 trillion won while operating income shrank 60 percent to 4.1 trillion won.

Samsung warned earlier this month that its handset profit declined despite a marginal shipment increase. Analysts said the Galaxy S5 smartphone launched in April did not sell well while many consumers held off upgrading their phones instead waiting for new iPhones.






Follow us on facebook
follow us on twitter
follow us on Google +