Last Friday (January 25), the South Korean electronics group Samsung announced its recorded earnings, but also issued a warning on the smart phone market.
According to British newspapers, Samsung Group warned that the growing competitiveness of the smart phone market might bring pressure to the industry’s profitability. Samsung predicted that demand and growth of the developed markets in the West would weaken, while emerging countries’ demand for cheap smart machines would further grow.
In the fourth quarter of 2012, Samsung Group's earnings rose by 76%, mainly due to the high demand of the Samsung Galaxy series phones.
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