The profit of the biggest mobile phone and TV maker, Samsung will fall down, leading to Digital Marketing Agency reported.
However, that lost profit news of Samsung right now is just a prediction, the more detail of this issue, the South Korean Company will publish full financial result later this month.
One more thing, the mobile division is the biggest business of Samsung and it meets the important competitors such as Apple and Chinese smartphone-makers Xiaomi and Lenovo.
As the firm said, “quarterly sales amounted to 47tn won, which was below analyst estimates for 50.3tn won”.
“Smartphone shipments increased marginally amid intense competition,” Samsung said in a statement.
“However, the operating margin declined due to increased marketing expenditure and lowered average selling price”.
The company also said it is “preparing new smartphone line-ups featuring new materials and innovative designs, as well as a series of new mid-to-low end smartphones”.
Samsung Will Lost the Profit
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