About this weblog

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, October 31, 2014

Samsung's Smartphone Sales Plummet

Samsung Electronics reported a 30% year-on-year fall in sales in its IT and mobile division to 24.58 trillion Korean won (22.89 billion US dollars) in the third quarter. Samsung blamed a "weak smartphone product mix" and declining average sale prices related to price reductions for older models. Samsung is anticipating increased competition in the fourth quarter, as rivals launch new models. source: Samsung presentation
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