Profits stall at Samsung's mobile division

January 24, 2014

Profits were flat in the fourth quarter in Samsung Electronics’ smartphone and tablet business, despite an uptick in sales, in part because the company spent more on marketing over the holiday shopping period.The company’s IT and mobile communications (IM) division, which has smartphones and tablets as a key component, posted in the quarter the same operating profit of 5.47 trillion Korean won (US$5 billion) as in the fourth quarter of 2012, even as revenue from its mobile business grew 8.7 percent to over 32 trillion won.The largest smartphone maker said earnings of its mobile business took a hit because of seasonally increased marketing expenditures and an unspecified one-off expense.To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2091100/profits-stall-at-samsungs-mobile-division.html#tk.rss_all