Samsung reports second straight profit drop: 5 key takeaways from Samsung’s Q1 earnings Samsung on Tuesday reported its second consecutive quarter of declining on-year profits as*growth of the company's high-end smartphone sales continued to slow. The company posted audited first-quarter results that were in line with the guidance it released earlier in April. Operating profit came in at $8.2 billion, a 3.3% decline from the year-ago quarter, on revenue totaling $52 billion. Net profit climbed 5.9% to 7.34 billion thanks to improved margins.*Samsung said its results should improve in the second quarter of the year thanks to sales of its new Galaxy S5 flagship phone, which launched during the second week of April.
04-29-2014, 05:28 PM
Samsung reports second straight profit drop: 5 key takeaways from Samsung’s Q1 earnin
Samsung on Tuesday reported its second consecutive quarter of declining on-year profits as*growth of the company's high-end smartphone sales continued to slow. The company posted audited first-quarter results that were in line with the guidance it released earlier in April. Operating profit came in at $8.2 billion, a 3.3% decline from the year-ago quarter, on revenue totaling $52 billion. Net profit climbed 5.9% to 7.34 billion thanks to improved margins.*Samsung said its results should improve in the second quarter of the year thanks to sales of its new Galaxy S5 flagship phone, which launched during the second week of April.
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