Samsung is the world’s top seller of smartphones, but even that fact couldn’t stop its profits from declining for a second successive quarter. Samsung posted its latest (Q1 2014) results today, which saw operating profit fall 3.3 percent quarter-on-quarter to 8.49 trillion KRW ($8.2 billion) while revenue slipped 9 percent QoQ to 53.68 trillion (KRW). Despite the underwhelming results, Samsung is bullish on the rest of the year and it expects to see “profits rally in the second quarter and beyond” thanks to its display panel business, home appliance sales and its new flagship Galaxy S5 smartphone. “Samsung is also poised to expand its new product…
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