Samsung Electronics' domestic net sales hit record low in 8 years

(MENAFN) Samsung Electronics Co., the world's top smartphone maker that registered a three-year-low bottom line last year, recorded the worst net sales on its home soil in 8 years in that period, weakened by its sluggish handset business, a report showed, QNA reported.

Net sales of the South Korean tech powerhouse reached USD18.8 billion in Asia's fourth-largest economy in 2014, down 9 percent from a year earlier, according to the report.

Net sales refers to a company's income generated from selling its goods minus internal transactions between subsidiaries. For instance, returns accrued by a production line to a sales body are not counted in the figures, local media reported.

Samsung Electronics' net sales in Korea had been on a sharp upturn since 2007, when they surpassed the USD17.96 billion mark for the first time to book USD18.96 billion from USD16.89 billion the previous year.