It has been reported that long-term Apple rival Samsung has seen a huge decrease in 2014 fourth-quarter sales and profits when compared to the same time in 2013. 2014 in general seemed to have been a bad year for Korean-based company Samsung, as profits and sales were down for the electronic company. Re/code noted that the company made approximately $47.3 billion USD (around 52 trillion won) in preliminary sales, and $4.7 billion USD (about 5.2 trillion won) in operating profits. During the same time in 2013, Samsung made approximately $7.6 billion USD (around 8.3 trillion won) in sales.
Re/code noted however, that even though the numbers were down overall, it was definitely an increase from 2014’s third quarter. This isn’t a surprise because holiday season was in the fourth quarter and many people purchase devices for gift giving. Last year definitely marked a challenging time for Samsung, especially towards the last few months of the year with Apple’s new iPhone 6 lineup and then with the incorporation of Apple Pay and the release of the iPad Air 2 and iPad Mini 3. Other companies like Xiaomi also took away some of Samsung’s customers.
Source: Re/code
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