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Samsung posts weaker Q4 2013 earnings, says smartphone and tablets still strong

24
Jan
2014

Samsung on Friday posted its earnings report for the fourth quarter of 2013, missing estimates and confirming the unaudited numbers it revealed a few weeks ago. The company reported record revenues of 59.28 trillion won ($54.95 billion), but operating profit was at 8.31 trillion won ($7.7 billion) for Q4 2013, an 18% dropped compared to the previous quarter when it reported 10.16 trillion won profit ($9.40 billion) – comparatively, the company reported 8.84 trillion ($8.18 billion) won operating profit for the same period in 2012. This was the first quarterly operating profit decline for Samsung in two years, even though overall it had a record year, with revenues at 228.69 trillion won, or a 14% increase from last year and

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