Samsung released preliminary estimates for Q3 2014, saying that sales are down 20% compared to a Q3 2013, and profits are down almost 60%. Samsung says that mobile phone shipments increased slightly, but high-end phone sales are down.
Samsung also reported decreased OLED shipments - because of the lower demand for high-end mobile phones. The company will "continue to enhance competitiveness by continuously strengthening technological innovation and expanding its customer base". They are also preparing new smartphone lineups featuring new materials and innovative designs".
Posted: Oct 07,2014 by Ron Mertens
That's probably because of the significantly cheaper (yet similar in performance) Chinese mobile phones.