Jan 08 AT 1:33 PM Dima Aryeh 8 Comments

Samsung’s growth stagnates in Q4 2013 according to preliminary results

Samsung Logo 2

Samsung is a global giant and the king of Android, so it’s a bit surprising to see that the company’s growth has stalled in the last quarter of 2013. According to the preliminary earning results, Samsung’s profits are down a bit at 8.3 trillion won ($7.8 billion) compared to Q4 of 2012, when profit was 9 trillion won. Samsung also missed expectations of 10 trillion won in profits. In terms of sales, things are a little better. The number remains the same at 59 trillion won ($55.2 billion).

There are many possible reasons why Samsung has not had the most successful year. Saturation in the high-end market and better options in the low-end market could contribute to a drop in sales. It could also be stale hardware and software design. Fortunately, Samsung is still making a lot of money, so it isn’t all doom and gloom.

Hopefully 2014 will be better for Samsung. This year will seeĀ the release of some nice new PRO tablets and hopefully a UI redesign. A good refresh in software could make a big difference. But with Motorola working hard to make some amazing phones, we could see a new king of Android in the next few years.

Via: SamMobile

Source: Business Week

Dima Aryeh is a Russian obsessed with all things tech. He does photography, is an avid phone modder (who uses an AT&T Galaxy Note II), a heavy gamer (both PC and 360), and an aspiring home mechanic. He is also an avid fan of music, especially power metal.

    Most Tweeted This Week