Samsung released its first Quarter earnings report of this year (Q1,2014). In line with the earnings guidance from earlier this month, the Korean giant posted a net profit of 8.5 trillion won which is about $8.2 billion from total revenue of 53.68 trillion won about $51.8 billion of revenue in the last three months.
The company’s net profit took a 3% dip compared to the same period last year. Samsung attributed the second straight fall of quarterly profit to a weakness in the market for flat-screen panels and maturing high-end smartphone segment.
