Samsung’s mobile profits plunge 64.2 percent

Samsung Electronics reported overall Q4 operating profits of 5.29 trillion won ($4.9 billion)—a 36 percent year-over-year drop—but its Mobile division suffered a 64.2 percent drop in profits, falling from $5 billion in the year ago quarter to $1.8 billion in the December quarter.

Clearly there’s nothing wrong with the market since Apple just sold 74.5 million iPhones, so maybe people are finally seeing through Samsung’s shit.