For the fourth time in a row, Samsung says it may have decreases in its profits. The company, in a statement released Tuesday, says operating profits between July and September are likely lower than they were last year. By releasing that statement now, Samsung is warning investors of what its financial report will look like for the quarter.
During that quarter, Samsung says it made around $3.8 billion. That is a 60 percent decline when compared to the $9.5 billion earned during the same quarter in 2013. Bad quarters happen to all companies, but this will be a greater than usual issue since it will be the fourth quarter with declining profits.
It has been reported the decline could simply be the result of Samsung getting itself involved in so many markets with dozens of devices, many of which have barely resulted in major sales. |