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Samsung’s 2013 earnings report rather humbling

Just before close of shop yesterday local Samsung representatives had a field day releasing the company’s earnings report for its fourth quarter running.

It’s earnings report suggested the company experienced the first posted drop in profit in two years. This is all by a mere $7.8 Billion as apposed to $8.7 Billion in the same quarter, the previous year thanks to a strong Korean market, those special once-off bonuses to employees, large spends tire on global launches and heavy festive season marketing stunts.

Given the company’s increased year-over-year profits and sales this may not seem do bad, but there is that growing concern that the company has a difficult year ahead especially for its smartphone sales.

Papi Mabele
Tech enthusiast at heart. Lover of all things digital. Papi is the founder of SA Vibe and has been sharing his love for gadgetry since 2010. Papi sees no need for wearable tech in his busy schedule and considers the Xbox One as non existant. He may come across as bias at times, and still holds a grudge at BlackBerry for creating the 8520.