Sales pace slows down for Samsung

Samsung reported a 4% fall in sales of its mobile phone unit to 33.4 trillion but an overall operating profit for the same unit bigger with 18% since last quarter.

For the previous three months, Samsung reported a net profit of 7.57 trillion won, up from the 7.3 trillion Samsung declared for the final quarter of 2013.

The company is looking at increasing competition from other smartphone-makers such as LG, Lenovo and Huawei.

Shifting interests may force the Korean-based company to further decrease their prices in order to maintain leader-position in the mobile market.

‘This is further evidence that the global market for smartphones is maturing and as the pace of growth which firms such as Samsung have enjoyed in recent years is slowing,’ said Andrew Milroy, an analyst with consulting firm Frost & Sullivan.