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Samsung's Quarterly Earnings Slump Continues

Samsung this week reported its fourth straight drop in quarterly earnings, while, profit dropped 27% to $4.9 billion. Still, “The company's fourth-quarter net income beat forecasts, mainly thanks to the solid performance of its component businesses, such as memory chips and display panels,” The Associated Press reports. “The semiconductor division was a key cash cow generating about half of Samsung's quarterly operating income.” Regarding of analyst expectations, Samsung’s weak performance stands in stark contrast to that of rival Apple, which just posted the strongest quarter of any U.S. corporation in history.

Read the whole story at Associated Press »

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