Galaxy S6 smartphones don't ring true for Samsung Electronics' profits

Associated Press in Seoul

from Technology | The Guardian on 2015-07-30 03:13 (#FW42)

Company reports fifth straight quarterly profit drop as the Galaxy S6 series fails to reverse its declining fortune in smartphone industry

Samsung Electronics has reported a fifth straight quarterly profit drop as the Galaxy S6 series of smartphones failed to reverse its declining fortune in the industry.

Samsung's April-June net income was 5.8tn won (US$5bn/3.2bn), down 8% from 6.3tn won a year earlier.

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