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Samsung sales and profits down despite Galaxy S5 launch


Samsung Electronics has released its financial results for the second quarter of 2014, showing the first drop in net profit in three years for the Korean electronics giant, and a slowdown in its smartphone sales. The new figures mean Samsungs operating profit has dropped almost 25 percent from the same quarter last year, falling from 9.53 trillion won ($9.27 billion) in the second quarter of 2013. Samsungs operating profit dropped 25 percent from last year Samsung said that while the demand for smartphones remained the same as in the previous quarter, its smartphone and tablet sales decreased.

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