Samsung profits drop slightly, but it’s still seeing increased demand for phones, tablets
Samsung has released a detailed report of its earnings for the fourth quarter, and as it predicted, its operating profit is slightly lower than last year. While 8.3 trillion won (about $7.8 billion) is nothing to sneeze at, last year Samsung notched 8.84 trillion won ($8.27 billion) in operating profit, creating concerns growth is slowing in its highly successful tablet and phone business. According to Samsung however, buyers want its phones and tablets just as much if not more than ever, however marketing costs and “year-end inventory adjustments” lowered shipments and cut into profits. According to Yonhap News, analysts believe a one-off special bonus payment to employees celebrating the 20th anniversary of its “New Management Initiative” also had an effect.
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Filed under: HD, Mobile, Samsung
Source: Samsung Q4 Earnings (PDF)
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