clock menu more-arrow no yes mobile

Filed under:

Samsung Earnings Fall for a Second Straight Quarter

Samsung Electronics on Tuesday said profit fell for a second straight quarter as sales in its smartphone division continued to dip.

The tech giant posted a 3.3 percent fall in first quarter operating profit to 8.5 trillion won ($8.2 billion) from the year ago period, just above its guidance of 8.4 trillion won. Profit in its key mobile division reached 6.54 trillion won, down an annual 1.2 percent.

Read the rest of this post on the original site »

This article originally appeared on

Sign up for the newsletter Today, Explained

Understand the world with a daily explainer plus the most compelling stories of the day.