Jul 31, 2014
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