Samsung profits slow for second straight quarter.

Korean conglomerate Samsung reported a second straight quarter of falling operating profits. Operating profits fell 3.3% from this time last year. This was primarily due to sluggish high-end phone sales and increasing competition from Chinese handset makers. Financial experts also look to Samsung’s over-reliance on handset sales and are saying that the company should look for a different growth model.

4,792 total views, no views today