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Samsung expects smartphone market slowdown to hit profits

2014-07-08 13:07:38| InfoWorld: Top News

Samsung Electronics is expecting a drop in its operating profit for the third consecutive quarter, citing an overall slowdown in smartphone market growth and increased competition in China and some European markets. The company was also hit in the second quarter by the appreciation of the Korean won against the U.S. dollar, the euro, and most emerging markets currencies, it said Tuesday in an earnings guidance.

Tags: market hit samsung profits

 

Samsung sees Q2 profit slump on smartphone slowdown

2014-07-08 02:00:00| Total Telecom industry news

South Korean vendor says demand for smartphones has been slow, while competition has increased, triggering higher marketing expenses.

Tags: samsung profit sees smartphone

 
 

Volvo to Suspend Truck Production in Russia on Economic Slowdown

2014-06-19 01:22:05| Appliances - Topix.net

Volvo AB, the world's second-largest truckmaker, is cutting back production in Russia as the country's disputes with Ukraine weigh on economic prospects.

Tags: production economic russia truck

 

VIDEO: Why China's slowdown may be good news

2014-05-13 02:31:10| BBC News | Business | UK Edition

It is a common perception that slowing demand from China is bad news for the rest of the world - one commentator says it could also bring good news.

Tags: news good video slowdown

 

Sales fall as impasse, slowdown bite

2014-05-11 00:06:21| Auto Dealers - Topix.net

Two US car makers have forecast that Thailand's domestic sales will fall to 1-1.1 million units this year in light of the escalating political unrest which culminated in the removal of caretaker Prime Minister Yingluck Shinawatra.

Tags: sales fall bite slowdown

 

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