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electronics giant samsung electronics has turned in a disappointing fourth
quarter result. overshadowed by the popularity of apple's
iphones the korean company
posted an 18-percent drop in operating profit .
our shin se-min has the details. the world's biggest smartphone maker on friday
posted disappointing
fourth-quarter results although its operating profit for all of 2013 reached an
all time high of 36 trillion won or over 33 -billion u.s. dollars.
posting the first decline in its quarterly performance samsung said its profit
for the october-to-december period fell 18 percent to 7-point-7 billion
dollars from the previous quarter. it was also down 6 percent from a year earlier
. the disappointing result was mainly due to
its worse-than-expected
earnings in its main smartphone business that accounts for two thirds of the
company's entire operating profit. the korean comany was a clear loser in the
race to dominate the most
lucrative segment of the smartphone market although it remained as the
largest mobile phone maker in the world. its overall 2013 sales however hit a record
of 211 billion dollars up 14
percent from a year earlier. its profits from semiconductor and household
appliances units both showed
increases. analysts say the coming year will depend largely
on its performances in
businesss for high-end smartphones and premium tvs particularly in the
state-of-the-art ultra high-definition and curved panel televisions.
shin se-min arirang news.