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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…

Samsung’s $6.96 billion net profit & slow smartphone sales

Samsung has released its audited results for the second quarter, and the company is reporting a net profit of 7.77 trillion won ($6.96 billion.) That’s plenty of cash and up from the same period last year, however it warned investors growth momentum in its mobile department may slow in pace. Of course, it’s still growing,…

Nokia reports 5.6 million Lumias sold, $150 mil loss

Finnish (we’re used to it already) giant, Nokia has been doing quite well this past quarter by managing to sell 5.6 Million Lumia devices ensuring a 30-percent increase from that of the previous quarter. Amidst the $150 million loss according to IFRS rules, the company still saw revenue of $7.7 million according to reports. With…

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