By Jonathan Davies

Samsung Electronics has reported its lowest profits for three years after a steep fall in mobile sales.

Profits fell 27% to 5.3tn won ($4.8bn; £3.2bn) in the October to December quarter, compared with the same period last year.

But it's annual profit of 25tn won fell from 2013's record of 36.8tn won, was the lowest since 2011.

Revenue in its mobile business was down 23% and there was a 19% fall for the year.

Samsung's disappointing figures come in the week that its main rival, Apple, reported the biggest quarterly profits ever made by a public company after record iPhone sales.

"The mobile business will focus on increasing sales and improving business performance through new product line-ups, such as the Galaxy A series," Samsung said in a statement.

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