Saturday, October 29, 2011

Apple Embattled Samsung Announces 13% Dip in Quarterly Earnings

Full Story: CNN

Samsung Electronics has announced a 13% drop in its quarterly earnings despite a record high performance in mobile phones and smartphone sales. 

The announcement comes as no surprise for customers and stock holders as the South Korean electronic giants has been losing to Apple in courts over patent issues.

While Samsung sales have gone up by 3%, its operating profit has come down to $4.24 trillion from $ 4.86 trillion.

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