RESULTS: Samsung Electronics reported Tuesday its net profit had risen 5.9% year-on-year in the first quarter to 7.57tril won (RM23.95bil) but operating profit declined for a second straight quarter on slowing smartphone revenue.
SEOUL: Samsung Electronics reported Tuesday its net profit had risen 5.9% year-on-year in the first quarter to 7.57tril won (RM23.95bil) but operating profit declined for a second straight quarter on slowing smartphone revenue.
Alarm bells have been sounding for a while over Samsung's reliance on smartphone sales in mature markets such as Europe and the United States, and increasingly competitive emerging markets such as China.
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