Comment on Samsung sees profits slip in Q2 as demand for smartphones stagnates

Samsung sees profits slip in Q2 as demand for smartphones stagnates

Samsung released its Q2 financial statements in South Korea on Thursday, and while the company turned a net profit to the tune of 6.25 trillion Korean won ($6.1 billion), that number represented a decline of 19.6 percent from a year earlier. In a statement, Samsung said that the weak quarter was the result of slowing demand for smartphones and tablets, which led to increased marketing expenditures to reduce inventory.

 

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