Lower smartphone shipments lead to decline in Samsung's Q2 earnings

Samsung on Thursday, reported second quarter operating profit of 7.9 trillion won ($7 billion USD). That is a 17.1% decline from the 9.53 trillion won in operating profit ($9.3 billion USD) that Samsung reported in last year's second quarter. Revenue was 52.35 trillion won ($51 billion USD), off 8.9% from the 57.46 trillion in revenue ($52 billion USD) that Sammy scored in the 2013 period.



As IDC's latest stats reveal, Samsung had a tough period from April through June. With Chinese smartphone manufacturers like Huawei and Lenovo reporting tremendous year-over-year smartphone shipments for ...