Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Samsung's Q4 Profit Plummets

ReutersJan 29, 2015, 05:55 IST

SEOUL (Reuters) - South Korea's Samsung Electronics Co said on Thursday that October-December profit fell 36 percent from a year earlier, confirming the firm's first annual earnings decline in three years.

The world's top smartphone maker reported a fourth-quarter profit of 5.3 trillion won ($4.88 billion), compared with a 5.2 trillion won profit it guided for earlier this month.

Profit for the mobile division, the driver of Samsung's record 2013 earnings, fell to 1.96 trillion won from 5.47 trillion won a year earlier.

(Reporting by Se Young Lee; Editing by Stephen Coates)