7/8/2014

Samsung Electronics posted its third consecutive quarterly drop in profits in the second quarter, but the South Korean company said it expects a third-quarter recovery because of strong demand for 4G devices, especially in China, before Apple releases its next new iPhone. Samsung said tablet sales were sluggish, partly due to the popularity of large-screen phones. The company suffered from stiffer competition from low-end Chinese phone-makers.

Related Summaries