Samsung profits tumble for first time in two years
The South Korean phone-maker posted record profits overall, but had a weak end to 2013.
Luke WestawaySenior editor
Luke Westaway is a senior editor at CNET and writer/ presenter of Adventures in Tech, a thrilling gadget show produced in our London office. Luke's focus is on keeping you in the loop with a mix of video, features, expert opinion and analysis.
Samsung says it paid out a special bonus to employees during the lower-profit three months, which partly accounts for the drop in earnings. The Galaxy S4-maker also pointed to South Korean currency fluctuations as a possible reason for the lack of cash. Overall Samsung had a good year, posting record profits for 2013.
Samsung has been riding high for several years off the back of its popular line of Galaxy smart phones, which are powered by the Android operating system.
Samsung says competition in its handset business will "intensify" in 2014, also predicting "intensified price competition" in the world of tablets.
Cheaper devices like the Nexus 5 smart phone or Tesco Hudl have given shoppers the chance to snap up a bargain, but will be putting pressure on Samsung to deliver tempting rival gadgets at equally appealing prices.
Galaxy S5 looming
Samsung's next big product is likely to be the longed-for Galaxy S5 smart phone, which is tipped to make its debut on 23 February alongside a new version of the company's hilariously-named TouchWiz interface.
Will the Galaxy S5 keep Samsung on top, or is there another tech company you think will rise to prominence? Let me know in the comments, or on our Facebook wall.