Samsung’s Q2 2014 profits drop, no relief sighted for next quarter
Following huge sales slump and cut throat competition from Chinese and Indian brands, Samsung announced its Q2, 2014 financial statements in South Korea on Thursday. The company made a net profit $6.1 billion, which is a stark decline of 19.6 percent when compared to Q2 2013. According to Samsung, the decline in profits was due to stagnant demand for smartphones and tablets as well as strong Korean currency. In fact, Samsung had to spend a lot of... Read More
