Wednesday, October 1, 2014   

Samsung Electronics' Q2 profit falls
(07-31 10:12)

Samsung Electronics Co. said Thursday that its second-quarter profit dropped 20 percent as smartphone and tablet sales fell.

Its net income during the April-June quarter was 6.3 trillion won ($6.1 billion), compared with 7.8 trillion won a year earlier.

That was the lowest since the second quarter of 2012 and below forecasts. Analysts surveyed by FactSet forecast 6.5 trillion won income.

Samsung had warned that the second quarter would be the worst in two years as its handset business halted growth. It struggled with cheap smartphone business, which is the fastest-growing smartphone segment. --AP   
Other Business breaking news:
China eases home purchase restriction (09-30 18:12)
Eurozone inflation drops, unemployment steady (09-30 17:54)
Apple to launch iPhone 6 in China from October 17 (09-30 17:38)
German unemployment rate steady in September: official data (09-30 16:44)
Hang Seng plunges ahead of holidays (09-30 16:36)
French public debt over 2.0 trillion euros for first time: data (09-30 14:59)
German retail sales climb in August (09-30 14:25)
China September PMI misses estimate: HSBC (09-30 14:05)
China clears way for Apple iPhone 6 sales: regulator (09-30 13:50)
Hang Seng falls by lunch (09-30 12:27)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.