Samsung Electronics has warned investors that its third-quarter earnings will fall below market expectations as a result of declining product prices and increased competition in the smartphone market, despite a rise in the company’s total sales.
The South Korean company is expected to report a total operating profit of $3.8 billion for this quarter. Industry analysts calculate that is between a 57.8% and 61.8% decrease when compared to the firms earnings this time last year — equating to a total loss of $3.6 billion.
Samsung is set to release its full earnings report towards the end of this month — so be sure to check back for our full breakdown of the numbers. In the meantime, you can peruse the 2014 2Q and 2013 3Q consolidated figures in the table below.
Source: Samsung
After Samsung Galaxy Ace, Galaxy S2 and Galaxy S3 this time I decided for something different: A superious extraordinary OnePlus! But this does not mean, that I will never return to Samsung again:-)