Samsung reports a year-over-year decline in Q1 operating profits

On Tuesday morning, Samsung reported a first quarter operating profit that was 3.3% below last year's figure. The Korean based company reported an operating profit of 8.5 trillion Korean Won ($8.2 billion USD) for the three months ended in March. Samsung's mobile division reported operating profits of 6.43 trillion Won ($6.2 billion USD) in the first quarter, down 1.2% from the 6.51 trillion Won ($6.3 billion USD) in mobile operating profit reported by Samsung last year. On a sequential basis, mobile operating profits rose 19% from the 5.47 trillion Won ($5.3 billion) made by the Korean manufacturer ...



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