Showing posts with label Samsung Electronics. Show all posts
Showing posts with label Samsung Electronics. Show all posts

Tuesday, 8 July 2014

Samsung forecasts 25% drop in profit

Samsung Electronics has forecast a 25% drop in profit for the second quarter due to a slowdown in the smartphone market and a strong Korean currency.
It expects to make an operating profit of 7.2 trillion won ($7.1bn; £4.2bn) in the April-to-June period, down from 9.5 trillion won a year ago.
Its operating profit has now fallen for three straight quarters.
Samsung is the world's biggest maker of mobile phones and the