Just before close of shop yesterday local Samsung representatives had a field day releasing the company’s earnings report for its fourth quarter running.
It’s earnings report suggested the company experienced the first posted drop in profit in two years. This is all by a mere $7.8 Billion as apposed to $8.7 Billion in the same quarter, the previous year thanks to a strong Korean market, those special once-off bonuses to employees, large spends tire on global launches and heavy festive season marketing stunts.
Given the company’s increased year-over-year profits and sales this may not seem do bad, but there is that growing concern that the company has a difficult year ahead especially for its smartphone sales.
You might also like
More from Uncategorized
Mysterious vandal targets city
A graffiti vandal has targeted Johannesburg, emblazoning billboards and city landmarks with crazed laughter. The words “HA HA HA” appeared overnight, …
What to Watch on Netflix in August
August is around the corner, literally starts tomorrow, and with it comes a new line-up on Netflix for us all …
Volvo’s XC40 is now being built in China
Volvo Cars SA earlier this week announced that it has started producing its XC40 compact SUV in China to bump …