Samsung drop in profits due to 'low end' competition
Samsung's forecasted drop in profits is due to the competition it faces from rival firms at the "low end" of the market, Kantar WorldPanel ComTech's strategic director has said.
Dominic Sunnebo told the Today programme that companies, often in Asia, are able to make high-specification Android phones for "half the price" of Samsung.
Samsung Electronics expects to make an operating profit of 8.4 trillion won ($7.9bn; £4.8bn) for the January-to-March quarter, down 4% from the same period last year.
First broadcast on BBC Radio 4's Today programme on Tuesday 8 April.
08 Apr 2014
- From the section Business