Samsung’s profits fall 6%

Micro Electronics

by CBR Staff Writer| 07 January 2014

The decline is lower than was earlier forecast.

Samsung has reported a 6% drop in profit during its fourth quarter.

The South Korean firm's profit fell to $7.8bn compared to the same period last year, while its earnings fell 18% on the third quarter.

The fall has been attributed to a decline in demand for Samsung displays and chips as well as its smartphones, though the company also experienced a 5% growth in sales compared to last year.

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