Samsung Electronics has turned in a worse than expected earnings report card for the fourth quarter of last year.
The world's largest smartphone maker said on Tuesday that its operating profits reached eight.three trillion won which is roughly seven.eight billion U.S. dollars in the October to December period.
This is down over 18 percent compared to the third quarter, and is the lowest since the third quarter of 2012.
Experts attribute the fall to slowing smartphone sales, the strengthening Korean won, and larger than expected special incentive payments given out to employees, to mark the 20th anniversary of a new marketing strategy by Samsung Chairman Lee Kun-hee.
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