Jul 30, 2015

Galaxy S6 fails to reverse profit decline at Samsung

SEOUL, South Korea (AP) — Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales. The company's overall earnings drop during the April-June quarter was 8 percent but it reported a much bigger decline of 38 percent in the mobile division's income. The sharp profit drop in the mobile business came...

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