Samsung Q4 sales, profits down sharply from 2013

Ina Fried, Recode:

The company reported preliminary sales of approximately 52 trillion won ($47.3 billion) and operating profits of about 5.2 trillion won ($4.7 billion). That’s down from the fourth quarter of 2013, when the company earned 8.3 trillion won ($7.6 billion) on sales of 59.3 trillion won ($54.9 billion). That’s a 12 percent drop in revenue and a decrease of more than 37 percent in operating profit.

Seems Samsung's smartphone strategy has run its course.