Samsung sees Q3 profits down

Samsung Electronics the Korean giant which also has the reputation of being one of the top firms by revenue has reported a 14 percent fall in their quarterly profit. Although they were earlier more known for their mainstay memory chips, but since last year they have emerged as a major contributor in the Smartphone as well as tablet market. They not only just participated in manufacturing these products but later even emerged as one of the major market share holder.

Earlier there were estimates made by the company where they expected a profit of around 4.2 trillion won ($3.79 billion Approx), which was mainly analyzed on the basis of considering a high sale rate of Tablets and Smartphone.

This estimate beats a 3.4 trillion won ($3.06 billion) consensus forecast by analysts and would be down 14 percent from the figures a year ago although up by 12 percent from the preceding quarter.

Samsung is also the biggest makers of Handset and Tablets, operating in Google’s Android Platform. It is also in a way of surpassing Apple, the largest makers of smart phones and tablets in terms of unit sales with the help of their range of Galaxy products.

Although all these above figures are not only from the Tablet and Smartphone sales, as they also manufacture a lot of other products along with them. 

Source(s)