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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, January 24, 2014

Samsung Sees Sharp Slowdown


Samsung Electronics reported a 10% year-on-year rise in sales in its IT and mobile communications division to 33.89 trillion Korean won (31.17 billion US dollars) in the fourth quarter. That represents a marked slowdown on previous quarters - across 2013, sales were up 31% to 138.82 trillion won.

Samsung said that it expects demand for smartphones to continue to grow in 2014 with "LTE service expansion in Europe/China and solid demand growth in emerging markets." In the tablet market, it forecast "intensified price competition, amid continued rapid growth in developed and emerging markets." source: Samsung presentation



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