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Samsung Electronics turned in its Q4 report card

Updated: 2014-01-24 12:06:55 (KST)
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The world's biggest smartphone maker on Friday posted disappointing fourth-quarter results, although its operating profit for all of 2013 reached an all time high of 36 trillion won, or over 33-billion U.S. dollars.
Posting the first decline in its quarterly performance, Samsung said its profit for the October-to-December period fell 18 percent to 7.7 billion dollars from the previous quarter.
It was also down 6 percent from a year earlier.
The disappointing result was mainly due to its worse-than-expected earnings in its main smartphone business that accounts for two thirds of the company's entire operating profit.
The Korean comany was a clear loser in the race to dominate the most lucrative segment of the smartphone market although it remained as the largest mobile phone maker in the world.
Its overall 2013 sales, however, hit a record of 211 billion dollars, up 14 percent from a year earlier.
Its profits from semiconductor and household appliances units both showed increases.
Analysts say the coming year will depend largely on its performances in businesss for high-end smartphones and premium TVs, particularly in the state-of-the-art Ultra high-definition and curved panel televisions.
Shin Se-min, Arirang News.


Reporter : ashin@arirang.co.kr

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