Samsung profit slides for second straight quarter in Q1
 

Samsung profit slides for second straight quarter in Q1
http://c2.bgr.com/2014/01/samsung-sign-nan-2.jpg?w=610Samsung is wrestling with the same headwinds as Apple: slowing global smartphone volume growth and falling prices. Bloomberg reports*that Samsung's unaudited results show a first-quarter*drop in operating profit to 8.4 trillion won, or roughly $8 billion. That figure is down from 8.78 trillion won in the same quarter last year. This is*the first time since 2011 that Samsung has delivered back-to-back profit declines in two consecutive quarters. The company*is facing pretty stiff criticism over the launch of the Galaxy S5 in its home market of South Korea —*the new model is regarded as too derivative and boring by many local observers. Samsung seems to be aware that S5 is **t going to be a barn-burner though, and it opted to price the model about 10% lower than S4 one year ago.

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