A Galaxy glow, but Samsung’s record profit run to end in fourth-quarter
SEOUL (Reuters) – Samsung Electronics will say on Friday that its July-September operating profit likely hit $6. 8 billion, a record for a South Korean company, as strong sales of its Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, the group’s main rival and leading customer. But a run of four straight record quarters will come to an end in the current three-month period to December as Samsung spends more on marketing to counter Apple’s latest iPhone and other rival products in a crowded $200 billion plus global smartphone market. . . .
View full post on Tech News Headlines – Yahoo! News
Leave a Reply