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Although the company does not break out sales figures, Mr. Persson said the designer collaborations did not account for a very large percentage of total profit.
Samsung's quarterly handset division profits nearly tripled to 4.27 trillion won, or $3.8 billion, accounting for 73 percent of total profit.
Barclays is said to be considering slimming its investment bank by as much as a fifth, reversing a decade-long expansion of a business that contributes more than half of total profit.
In the luxury industry, however, nearly every company — Louis Vuitton, Hermès, Coach and Tiffany — still counts on Japan for an average of 13 percent of total profit, even as they open boutiques in China at a breakneck pace.
It has also been telling anyone who will listen that it doesn't expect this week's downgrade to have a significant impact on its business, though it does plan to keep shrinking GE Capital's activities so that the unit represents no more than 30% of total profit.
Expectation of total profit per cycle.
Similar(42)
The regulator proposed a series of measures to protect consumers, including standardised risk warnings, compulsory disclosure of total profit-loss ratios across all clients, limits on trading using small amounts of capital and banning companies from using bonuses to tempt people to start trading.
The UK business – which hauls in 65% of total profits – is down for the third consecutive year.
In 1995-2001, profins in GE's power business grew by 37% a year, to over $5 billion last year nearly 40% of total profits.
But future gains in profits will have to come from G.E. industrial businesses, which now contribute nearly three-fourths of total profits.
They accounted for 21% of total profits in Tunisia in 2010 but only 3% of private-sector output and 1% of jobs.
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