Samsung Sees Lowest Sales In Two Years
Advertisement
Advertisement
Advertisement
When Samsung updated its investors before its upcoming quarterly earnings report, it had warned about weak sales. Well, guess the estimate was accurate, as the reports have come and show that the mobile giant posted a profit of 6.25 trillion won ($6.1 billion), down from 7.77 trillion won ($6.96 billion) last year. This figure is the lowest quarterly profit in last two years.
Smartphone sales always contribute the majority of Samsung revenue, but the staggering sales of iPhone have set the sales of Samsung Galaxy S5 at a back foot.
Samsung, however, has blamed the global slowdown of mobile sales for its downfall. It has even went ahead to say that the second half of 2014 will also remain as a challenge.
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- Unemployment among Indian youth is high, but it is transient: RBI MPC member
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market