• Samsung's Q4 Sales Face Decrease in Sales and Profits



    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 2014ís third quarter. This isnít 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 Appleís 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 Samsungís customers.

    Source: Re/code
    This article was originally published in forum thread: Samsung's Q4 Sales Face Decrease in Sales and Profits started by Akshay Masand View original post
    Comments 4 Comments
    1. swifty7's Avatar
      swifty7 -
      I guess all apple needed was a bigger screen to crush the competition
    1. Ambi_Valence's Avatar
      Ambi_Valence -
      Quote Originally Posted by swifty7 View Post
      I guess all apple needed was a bigger screen to crush the competition
      Not sure Iíd use the term crush, though Samsung are by no means where they want to be.
      Microsoft are crushing Apple in terms of enterprise desktops.
    1. tv_21's Avatar
      tv_21 -
      Microsoft don't make desktops.

      Oh Dear Sammy, your lets bash apple ads don't seem to have worked . Try inventing something , not copying.
    1. Ambi_Valence's Avatar
      Ambi_Valence -
      Samsung don’t make Android.
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