Samsung Electronics has warned of a sharp fall in profit - Cell phones

Samsung Electronics has released an official warning to shareholders, saying that its profit in the 3rd quarter was almost 60% lower than the year before. The reasons for this was the growing competition in the smartphone market, a declining supply of screens and falling prices on TVs.The company said Tuesday that the operating profit for the quarter, zakanchivauschiesya September, will be 3, 8 billion. This is almost 60% less than the Company earned in the same quarter the year before. The average forecast of respondents Thomson Reuters analysts Samsung quarterly profit amounted to 5, $ 2 billion.Quarterly sales fell to 44 billion, a 20% year-to-year. The official financial report of Samsung in the last quarter will be posted in the coming days.Explaining the drop in profits, Samsung said that despite the growth of smartphone shipments, the profitability of this business decreased due to increased marketing costs, as well as the shift of demand towards cheaper devices. The company makes a promise to fight it with the help of a new line of devices and Usually the lower price segments. She gently expects" the rise of smartphone shipments in the fourth quarter of 2014..

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