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Smartphone Woes Drag Samsung Electronics Third-Quarter Profit To More Than Three-Year Low

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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Customers attend a workshop about the Samsung Galaxy S5 in JakartaSEOUL (Reuters) - Samsung Electronics Co Ltd saw its July-September quarterly profit fall to the lowest level in more than three years, as a decline in earnings from its smartphone business set the South Korean giant on track for its worst year since 2011. The global smartphone leader has lost market share in annual terms for the past two quarters, lagging behind Apple Inc in the premium market and overtaken by rivals like Lenovo Group Ltd and Xiaomi Inc at the bottom end. Samsung on Thursday said its third-quarter operating profit fell by an annual 60.1 percent to 4.1 trillion won ($3. ...




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