Samsung sees Q1 profit decline amid market saturation

April 08, 2014

Samsung Electronics on Tuesday warned that it would post a drop in operating profit during the first quarter of 2014.The largest smartphone maker said consolidated operating profit would be an estimated 8.4 trillion Korean won (US$7.9 billion), down 4.3 percent from 8.78 trillion won a year earlier.It said consolidated sales would be about 53 trillion won, up slightly from 52.87 trillion won in the first quarter of 2013.Both figures are median values for ranges it provided. The manufacturer noted in a release that South Korean regulations do not allow earnings guidance to be stated in a range. It did not provide any figures for its smartphone business.To read this article in full or to leave a comment, please click here

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