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Profits stall at Samsung's mobile division

Tim Hornyak | Jan. 24, 2014
Profits were flat in the fourth quarter in Samsung Electronics' smartphone and tablet business, despite an uptick in sales, in part because the company spent more on marketing over the holiday shopping period.

The outlook for phones is good as well. "In 2014, we expect the total smartphone market shipments to grow by 15 percent or higher," said Hyunjoon Kim, senior vice president for mobile communications, citing expanding IT services in China and continued demand in emerging markets.

TVs also helped Samsung's consumer electronics business, helped by a 7 percent year-on-year increase in sales to developed markets. In 2014, the company plans to "outperform the market" by increasing sales of high value-added premium TV products, such as UHD (Ultra High-Definition), curved, and large-size, over 60-inch TVs.

For the full year 2013, Samsung booked operating profit of close to 37 trillion won, up 27 percent from 2012.

 

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