Samsung Electronics sees decline in quarterly profit

Jan 24, 2014, 5:34 AM EST
A general view of the Samsung booth at the 2014 International CES at the Las Vegas Convention Center on January 7, 2014 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs through January 10 and is expected to feature 3,200 exhibitors showing off their latest products and services to about 150,000 attendees.
David Becker/Getty Images

Samsung Electronics Co Ltd posted its first decline in quarterly profit in two years, hit by one-off special bonus as well as slowing smartphone sales as it braces for a year of tougher competition with rival Apple Inc. The world's biggest smartphone maker kept its full-year investment plan conservative and warned it would be difficult to increase earnings in the first quarter as demand pulls back from the year-end holiday period.
 
Background:
Samsung Electronics fourth-quarter profit sags [Reuters]
Samsung Electronics quarterly profit declines [BBC]
Samsung profit drops as new iPhones win sales, won gains [Bloomberg]

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