Saturday, November 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   
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