Samsung Electronics posted its first profit decline in nine quarters as new Apple iPhones won over high-end handset buyers and models from cheaper Chinese producers lured budget customers.
Operating profit was 8.3 trillion won (€5.7 billion) in the three months ended December, the Suwon, South Korea-based company said in a statement today. That compares with profit of 9 trillion won a year earlier, according to data compiled by Bloomberg.
Sales of Samsung’s Galaxy S4 have slowed amid...
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