Samsung 3Q profit plummets 23 percent

“Samsung Electronics said quarterly profit slid 23 percent as weaker demand for flat panels and computer chips offset booming smartphone shipments that were estimated to have surpassed those of industry pioneer Apple,” Foster Klug reports for The Associated Press.

MacDailyNews Take: Estimated. And, while the discerning world waited for Apple’s next-gen iPhone, rumored since June.

“Samsung, the world’s biggest manufacturer of memory chips and liquid crystal displays, said Friday it earned 3.44 trillion won ($3.1 billion) in the three months ended Sept. 30, down from 4.46 trillion won ($4 billion) a year earlier,” Klug reports. “Samsung spokesman Nam Ki-yung wouldn’t comment on whether Samsung had passed Apple Inc. in smartphone sales, saying the company no longer provides its sales figures for handsets.”

Read more in the full article here.

MacDailyNews Take: Why does Samdung no longer provide sales figures for handsets? Feeling guilty about something?

Related article:
IDC: Q311 worldwide mobile phone market sees slower growth as smartphone purchases soften ahead of iPhone 4S – October 28, 2011

8 Comments

  1. Shipments -vs- Sales

    Of course they won’t give real numbers anymore. It is too embarrassing and EASY for the media to pick up on what is actually being bought by the end user compared to what is sitting in a warehouse. Apple ‘sells out” of phones… Competitors “ship out” phones.
    The only thing keeping the Androids in business is the fact they are on more carriers.. and when the iPhone sells out, the ones late to the store have no choice but to buy the sloppy seconds left on the shelves that the sales guy is told to get rid of.

  2. It has finally begun, the era of Asian knock offs will slowly come to an end. Copying intelligently developed software is impossible, because it cannot be copied! Copying hardware is no longer enough for those uncreative and unimaginitive minds.

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