Seoul: Samsung Electronics estimated on Tuesday that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, hit by slowing smartphone sales and a strong won.
Operating profit was estimated at 7.2 trillion won (USD 7.1 billion) for the April-June period, compared to 9.53 trillion won a year ago -- the South Korean electronic giant`s third straight quarter of year-on-year decline.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
