Samsung Electronics’ revenue from mobile devices fell nearly a fifth last year, as the South Korean tech giant revealed a sharp contraction in earnings in the final quarter of 2014.
Samsung’s sales fell 11 per cent year-on-year to Won52.7tn ($48.5bn) in the final three months of 2014, while its operating profit was down 36 per cent to Won5.3tn. Both figures were towards the higher end of guidance given on January 8.
The falls contrast with the buoyant sales of rival Apple, which this week reported the most profitable quarter in corporate history.
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