What has caused Samsung’s profits to fall a huge 25%?

Samsung has warned its profits will be down by 25% in the second quarter of this year.

The world’s largest mobile phone manufacturer said competition in China and strong Korean currency was the reason it would not have performed as well in Q2, as the same time last year.

Forecasted profits fell to 7.2 trillion won (£4.2bn) between April and June, compared to 9.5 trillion won in the second quarter of 2013.

However, the electronics giant said it “cautiously expects” things to improve in the second half of this year, after lower marketing costs and the release of the flagship Galaxy Note 4 mobile phone in September.

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Readers' comments (1)

  • I can understand why the profits are down I and another manager have a samsung phone nothing but problems with it,would never recommend

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