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View Full Version : 4th Quarter Profit Falls Short At Samsung

Mike Temporale
01-14-2005, 05:00 PM
<div class='os_post_top_link'><a href='http://www.iht.com/articles/2005/01/14/business/samsung.html' target='_blank'>http://www.iht.com/articles/2005/01/14/business/samsung.html</a><br /><br /></div><i>"Samsung Electronics said Friday that its net profit topped $10 billion last year, a landmark in its 35-year rise from television maker to the world's No. 1 producer of memory chips and flat panel screens. Even so, Samsung finished 2004 on a weak note, with its fourth-quarter net profit falling 2 percent from a year earlier to 1.83 trillion won, or $1.76 billion. It said falling margins for its mobile handsets and weaker prices for liquid crystal displays hurt earnings in the fourth quarter."</i><br /><br /><img src="http://www.smartphonethoughts.com/images/Temporale-20050114-Samsung.gif" alt="User submitted image" title="User submitted image"/> <br /><br />I'm concerned that their fourth quarter was a little weak due in part to mobile handsets. :? Hopefully, this will motivate them to step up the design and features in future handsets. :wink: