Samsung says smartphone sales aren’t to blame for reduced Q4 profits

As expected, Samsung’s profits took a bit of a dip today, reporting a reduced operating profit of 8.3 trillion won (roughly $ 7.7 billion) on a record 59.28 trillion won of revenue. That’s an 18 percent profit decline since last quarter. However, according to Samsung, the dip wasn’t due to weaker smartphone sales: the company says its smartphones sold well and its tablet sales actually doubled thanks to the company’s latest additions to the Galaxy Tab lineup.

Samsung does say that its marketing budget ballooned a bit during the holiday season, but apparently that’s not the main reason that profits fell. The company primarily blames a negative currency impact for 700 million won of the decline, and a one-off expense (reportedly special…

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