Samsung reports disappointing Q3 results, profit falls to lowest in over three years

By Himanshu Arora · 11 replies
Oct 30, 2014
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  1. A day after LG announced that its Q3 operating profit more than doubled on record smartphone sales, rival Samsung has reported disappointing third quarter results, with operating profit falling to its lowest level in more than three years, thanks to...

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  2. Rippleman

    Rippleman TS Evangelist Posts: 870   +393

    Imagine next quarter's report when they see the effect of losing people to the now-larger iPhone.
  3. mctommy

    mctommy TS Addict Posts: 236   +45

    The problem with Samsung mobile is too many freaking handsets... And that its android competitors have either matched up or surpassed them in term of quality and offering.

    The other competitive pressure is coming from Chinese mfg of the lower end phones especially for emerging smartphone markets such as China and India.
  4. I'm trying to imagine this and I just don't see this happening.
    People who try and switch to an iPhone after using an Android phone, will probably do what I did (when I tried out WinPhone 8) - paid the $30 restocking fee just to get my android phone back.
  5. Rippleman

    Rippleman TS Evangelist Posts: 870   +393

    time will tell
  6. Jamesbrah

    Jamesbrah TS Enthusiast Posts: 60   +12

    It makes sense. The latest offerings from Samsung have been mediocre at best. I've still bought them (S5 owner here) but I've understood that they've been minimal upgrades.

    Apple however have a way which we are all very familiar with. They can often release new versions of products with little new features and it just doesn't matter as much.

    The target markets are different, I guess.
  7. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,280

    Very doubtful. They're losing market share to the cheaper-but-just-as-good-if-not-better Chinese brands. Expect to see a droop in Apples figures as well. Remember, nothing lasts forever.
  8. Rippleman

    Rippleman TS Evangelist Posts: 870   +393

    odd, Apple just had a record quarter selling 6 million more phones than Q3 of last year. Maybe you are right but the numbers don't show it.
  9. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,280

    OK I mean't to say expect to see a drop in their numbers in the future. They'll still rule in America for some time to come but globally they'll experience a decline.
  10. ... and yet, it was just reported that the iPhone 6 beat Samsung in South Korea, but yeah keep hoping.
  11. SNGX1275

    SNGX1275 TS Forces Special Posts: 10,545   +427

    I don't have much of an opinion on this, but I did read this article a couple days ago, kind of addresses your comment. Take it or leave it, no matter to me:
  12. mctommy

    mctommy TS Addict Posts: 236   +45

    It's definitely something that Samsung needs to address but also look at it this way... how much more expensive it is to develop 30 phones (ok maybe 15-20 for Samsung) vs. 2 per year...

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