Similar Stories to Samsung Sees Profits Slip In Q2 As Demand For Smartphones Stagnates on Bing News

Megan Geuss, Ars Technica
Wed, 07/30/2014 - 9:45pm

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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Topics:  q2   south korea   korean   smartphone   qoq   tablet    pdf    slower   samsung s   system   lsi   korea   read   comments   samsung   company   profit   won   
BING NEWS:
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  • IDC: Samsung back as top smartphone vendor, market up 7.8%
    Samsung shipped 60.1 million total smartphones in Q1, that's 0.7% less than the same quarter of 2023 at 60.5 million. However, Apple's 50.1 million Q1 of 2024 is nearly 10% down, compared to the ...
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  • Samsung plans $44B in Texas spending for vital computer chip as profits soar: report
    Samsung will reportedly double its investment in Texas to a whopping $44 billion to create advanced computer chips needed for smartphones ... rakes in massive profits from the critical components.
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