Samsung Electronics fell in profits
The company published its preliminary results of the second financial quarter and as it turned out, the profit fell by half. More recently, analysts predicted the financial decline of the company, as it turned out, they were right. Profit fell from 12.7 billion dollars to 5.55 billion dollars, but for quarterly estates the company grew by 4.3%. The total revenue amounted to 47.84 billion dollars against 49.95 billion dollars a year earlier, and also against 44.75 billion a quarter earlier. More precisely, the company lost 4.2% of its annual revenue.