Samsung's Profit Sinks 39 Percent as Mobile Profit Shrinks

April 28, 2015 11:58 PM

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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.

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