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Samsung's profit plummeted, as expected, more than 50%

the Electronics giant Samsung electronics's third-quarter earnings dropped 52% compared to last year. The south Korean company's profit was 5.4 billion dollars.

the Collapse had been expected. The company issued earlier in October profit warning.

This is the fourth consecutive quarter, resulting in samsung's profit will decline, and analysts suspect the slip to continue also during the current quarter.

Samsung print strain the particular memory circuit of the decreased demand and price. Memory circuits are used, inter alia, in smartphones, computers and servers.

Samsung is the world's leading smartphone seller. The sale of the following IHS Markitin says it holds 23 per cent share of the smartphone market, after the chinese Huawei and Oppo as well as us-based Apple.

the Smartphone market, however, are waned. Consumers no longer switch to the latest smartphone models as more than just a few years ago, because the major innovations are few and far between.

Samsung, however, told me that the phone sales have increased for the most expensive category Galaxy Note 10 phone sales and the average price of phone models sales.

Source: AFP

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