Thursday, 2 October 2014

Samsung's Q3 2014 financial outcome won't be pretty as well, earnings report due out October 7



Due to a whole galaxy of reasons, Samsung has posted several consecutive disappointing financial reports throughout the year. Insider analysts are predicting that the smartphone giant will report yet another round of underperforming financial results for the accounting period that started on July 1 and ended September 30. Samsung's operating profits are expected to have fallen 45% year-over-year, which means that only $5.28 billion will be brought back home – a result that is on par with the company's 2011 ones. On top of it all, Samsung's market shares nosedived to a two-year low roughly ten ...

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