The next wave of Galaxy smartphones and mobile devices cannot come fast enough for Samsung. The electronics giant needs to get its mojo working again. Sales were sluggish during second quarter of 2014 – down 24% from last year — the Seoul, Korea-headquartered company announced in its earnings preview.
Operating income of 7.2 trillion won ($7.1 billion) amounted to a two-year low for Samsung – and far below the analyst estimates of 8.1 trillion won. The company will release full earnings at the end of the month.
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