On January 07 we reported that Samsung was going to miss their Q4 numbers by 18%. Late yesterday Samsung reported their profits for Q4 and confirmed that they were down 18.2%. A Samsung official told the Korean Herald that "This is caused by a base effect of the high growth of smartphones in the third quarter and inventory adjustment at the end of last year." No-no-no, that's the sugar coated answer. In reality, it was caused by the successful launch of Apple's iPhone 5S with Touch ID along with their all new iPhone 5C driving their sales down. Who are they kidding?