Samsung warns of massive 60% decline in profits for Q3, cites stiff smartphone competition

Apple rival Samsung on Tuesday warned investors of an upcoming slide in quarterly profits that could amount to a 60 percent decline from the same time last year, blaming the slump on a squeeze in both high and low ends of the mobile phone sector.



The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/3f2f4b4d/sc/2/l/0Lappleinsider0N0Carticles0C140C10A0C0A60Csamsung0Ewarns0Eof0Emassive0E60A0Edecline0Ein0Eprofits0Efor0Eq30Ecites0Estiff0Esmartphone0Ecompetition/story01.htm

Powered by WPeMatico

Print Friendly, PDF & Email