Samsung's Q4 Profit Plummets

Advertisement

A man walks at the Samsung Electronics' headquarters in Seoul January 7, 2015. REUTERS/Kim Hong-Ji

Thomson Reuters

A man walks at the Samsung Electronics' headquarters in Seoul

SEOUL (Reuters) - South Korea's Samsung Electronics Co said on Thursday that October-December profit fell 36 percent from a year earlier, confirming the firm's first annual earnings decline in three years.

Advertisement

The world's top smartphone maker reported a fourth-quarter profit of 5.3 trillion won ($4.88 billion), compared with a 5.2 trillion won profit it guided for earlier this month.

Profit for the mobile division, the driver of Samsung's record 2013 earnings, fell to 1.96 trillion won from 5.47 trillion won a year earlier.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Advertisement

(Reporting by Se Young Lee; Editing by Stephen Coates)