Samsung Sees Lowest Sales In Two Years

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.