Samsung’s 2013 earnings report rather humbling

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.

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#earnings #markets #Sales #Samsung

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Papi Mabele

Papi Mabele has a marketing background, he is a digital marketing expert with extensive experience in launching and building global brands in the emerging markets. Papi is also an avid tech writer, enthusiast and all round tech junkie. As a freelance writer and analyst he has been numerously published in Popular Mechanics (SA), GQ South Africa, Premier Magazine, Driven Magazine, Bloem News, Courant, The Weekly, Enthooze Magazine and PiE magazine amongst others.