Samsung predicts that profits fall sharply as a result of the increased competition from Apple and the lower cost producers from China.
The Korean mobile giant tracks that profit for the third quarter, falling by almost 60 percent, as a result of weak mobile phone sales.sales are expected to fall 20 percent to 47 trillion won, or about 320 billion in the quarter between July and September, predicts Samsung in an updated earnings forecast released Tuesday. Earnings are expected to fall to 4.1 trillion won, compared with 10.16 trillion won in the same quarter last year.
Fall for mobile appliances will also harm the Samsung chipp- and OLED screen sales. Although this results in a fierce global competition to lower prices.
Samsung responds with to lower their prices on older products and to prioritize down older advanced mobile models.
The mobile giant is investing even harder on hybrid plates, including the Galaxy Note 4 to be repositioned in order to compete more directly Apple’s new smart phone Iphone 6th
while defending Samsung sales of smartphones will suffer from intense competition from Apple as well as Chinese competitors.
Samsung sold only 11 million units of the latest flags ship phone Galaxy S5 in the third quarter, down from 18 million in the second quarter, according to Seo Won, who is an analyst at Korea Investment & amp; Securities.
Today there are upwards of 40 million Galaxy smartphones and out of distributors and resellers, as a sign of increased interest from consumers to other Android devices the market. Samsung has thus a need to revise its strategy for smartphones at lower price points and in the middle class.
The final results report from Samsung coming later in the month.
source : http://wikipedia.org, http://cheapstablets.blogspot.com, http://cnn.com
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