Samsung earnings : Samsung Profit Drops as New IPhones Win Sales.
By Jungah Lee Jan 23, 2014 10:31 PM ET: Samsung Profit Drops as New IPhones Win Sale
Samsung Electronics Co. (005930), the world’s biggest maker of smartphones, posted its slowest profit growth since 2011 as new Apple Inc. (AAPL) iPhones lured high-end customers and gains in the Korean won curbed the value of overseas sales.
Nokia phone sales were ok and they rang up a profit for the first time in many years. That is why the stock popped. However, after further review, the profit came from weaker expected sales and better than expected cost cutting through layoffs and attrition. Not a good way to generate consistent growth. It is one reason the stock dropped back under $7.50 the week after the original earnings pop. Better phone sales but not what was expected. Also a victim of the new iPhones.
I suggest you do better DD before you lose it all. Poor DD leads to consistent losses. Try harder.