Xiaomi is Samsungs new threat plus old time rival, Apple.... Samsungs kingship soon to falter. Samsung is on track to report its weakest financial results in recent memory as the company loses ground in the intense battle for smartphone customers. South Korea-based Samsung said Tuesday that it would report operating profit of around 4.1 trillion won ($3.8 billion) for the third quarter -- a 60% decline from the previous year. The result is worse than analysts had expected. Third quarter sales were also lower than the previous year, falling 20% to around 47 trillion won ($44 billion). The figures are a preliminary forecast, and Samsung will release an official report in the coming weeks. Samsung shares were up slightly in morning trading in Seoul, but the stock has declined 15% so far this year. money.cnn/2014/10/06/investing/samsung-earnings/index.html
Posted on: Sat, 18 Oct 2014 15:56:17 +0000
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