Samsung announces fall in profits

Samsung Electronics has just released its earnings report for Q4 of 2014.The Korean electronics giant posted a profit of 5.29 trillion won (approx $4.87 billion), which despite beating estimates, represents a fall in profits by more than a third, compared to the same period one year ago.

Samsung’s mobile division which is ordinarily the driving force behind the company’s profits, posted profits of 1.96 trillion won for Q4, due to strong sales of the Samsung Galaxy Note 4. However, this is a fall in profits of some 60% compared to the same period the previous year.