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Samsung’s second consecutive drop in profits

Samsung

Samsung today is in addition to presenting a new smartphone, revealed its financial results for the first quarter of this year. They say that the company had a profit of 8.2 billion dollars and all the revenues of 51.8 billion dollars. The company’s profit was 3 percent less than last year during the same period, which is the second consecutive drop in profit attributable to weakness in the market of flat panel and maturation of high-end smartphone market. Not surprisingly, Samsung Galaxy S5 is expected to lead to increased demand for the next quarter, and sales to surpass its predecessor.