
Earlier this month, Samsung warned that its third quarter operating profits would be dropping along the lines of 45% year-over-year. Sure enough, on Tuesday morning, Samsung said that the third quarter of the year was not a good one. In fact, the manufacturer said that its operating profits declined by more than 50% from last year's Q3.
For the quarter, the Korean company estimates that its operating profits fell 57.8% to 61.8%. That works out to a range between $3.6 billion and $4 billion USD. Analysts were expecting a profit of $4.04 billion for the three month period. Last year, Samsung ...
from PhoneArena - News http://ift.tt/1s60mp9
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