Samsung Profit Drops By 30 Percent

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Posted 2 years ago

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Samsung Profit Drops By 30 PercentSamsung is forecasting a drop in profit of around 30 percent for the first quarter, as compared to the same period as last year.

According to a report here, Peter Yu, an analyst with BNP Paribas, said “I think the reason Samsung struggled last year is they just looked boring…Everyone caught up…When it came to Android phones everything now just looks the same. If you cover up the brand, you couldn’t tell the difference between the Chinese smartphones and the Samsung smartphones.”

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