The key takeaway from Samsung Electronics' latest earnings report, which confirmed its first annual earnings decline in three years in 2014, is the South Korean technology giant needs to do something "radical" to turn around its fortunes, say analysts.
Samsung's profit slumped 36 percent from a year earlier in the fourth quarter to 5.3 trillion won ($4.88 billion) as smartphone sales continued to come under pressure amid fierce competition from Apple and low-cost Chinese handset makers.
The contribution of its mobile division to operating profit fell to around 58 percent last year from about 70 percent in 2013, according to Reuters.
Perceptions around Samsung have shifted over the past year, reflected in the lackluster performance of its stock. Samsung's stock has risen 5 percent over the past year, far underperforming Apple's near 50 percent gain over the same period.