Samsung Q2 profits down, margins suffer
Samsung has a disappointing second quarter thanks to lower margins on two of its biggest profit centers, LCDs and mobile phones. Year-on-year Samsung saw a 47% decrease in net-profit. Here are the numbers:
- Profit of $1.62 billion
- Revenue of $13 billion
- Mobile phone division posted margins of 12%, down from 16% in the year ago quarter.
- 24.5 million mobile phones were shipped, up nearly two million units from a year ago.
Samsung is the third largest mobile phone manufacturer in the world, behind Nokia and Motorola.
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