#6-1-billion

[market-plus]

Samsung earns $6.1 billion, shares plunge

Samsung earns $6.1 billion, shares plunge

Samsung earned $6.1 billion last quarter but investors were dissatisfied, sending its share price down 4 percent.

See the original post here: Samsung earns $6.1 billion, shares plunge

View On WordPress

[market-plus]

Samsung posts 19.6% fall in net profits

Samsung posts 19.6% fall in net profits

Samsung said Thursday net profit plunged almost 20 percent in the second quarter as competition from cheap Chinese phones and the strong won saw sales slump in its key mobile business. The South Korean electronics giant said net profit came in at 6.25 trillion won ($6.1 billion), down 19.6 percent in the first on-year decline for nearly three years.

More here: Samsung posts 19.6% fall in net…

View On WordPress

[market-plus]

Samsung profit sags amid Chinese competition

Samsung profit sags amid Chinese competition

Samsung Electronics’ second-quarter profit fell nearly 20 percent as cheaper phones from Chinese makers sapped its sales and the market is waiting for Apple’s next iPhone.

See the original post here: Samsung profit sags amid Chinese competition

View On WordPress