Samsung's Profit Sinks 39 Percent as Mobile Profit Shrinks

April 28, 2015 11:58 PM

8 0

Samsung Electronics Co. said its first-quarter net income has plunged 39 percent as the smartphone business saw its profit shrink to less than half from a year earlier.

The company reported Wednesday that its January-March income was 4.63 trillion won ($4.35 billion), compared with 7.49 trillion won one year earlier.

Also read: Economy: Jobless claims drop to lowest since 1973; housing starts jump 11%

Read more

To category page

Loading...