28/04/2014
The company Samsung Earnings said earlier this month that its operating profit will likely come within a range of 8.2 trillion won to 8.6 trillion won ($7.9 billion to $8.3 billion), representing a decline of 2.1% to 6.6% from a year earlier. The results follow a 6% decline in operating profit in the fourth quarter, which was the company’s first year-over-year drop in two years.
Samsung Electronics's first-quarter results on Tuesday will show a second consecutive annual decline in operating profit as price competition among smartphone makers intensifies, eroding profits.