Samsung mobile phone sales decline

TURKEY — Samsung Electronics has reported a 4 percent fall in sales at its mobile phone unit. Revenues in the sector fell to 33.4 trillion won ($32.3 billion; TL 68.6 billion) in the January-to-March period.

But the South Korean company said operating profit for its mobile phone unit rose 18 percent from the previous three months, in part due to a "positive impact from adjustments of one-off expenses."

Samsung is the world's biggest mobile phone maker and handsets account for the bulk of the firm's profits. The figures came as the electronics giant reported a net profit of 7.57 trillion won for the first quarter, up from 7.3 trillion won in the previous three months.

Separately, U.S. handset maker Cirrus Logic Inc. is to buy British microchip maker Wolfson Microelectronics for an agreed 291 million pounds ($489 million; TL 1.03 million) to boost its audio division, the two firms said yesterday