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.

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This article originally appeared on Recode.net.

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