Samsung's Q3 earnings dragged down by weak smartphone sales

Given intense competition in the global smartphone race, Samsung Electronics reported its third quarter profits, showing a steep decline of almost 60 percent compared to a year ago. Global profits earned during the quarter is at $3.9 billion, which is in line with the guidance Samsung had issued. Earnings fell by about 20 percent to $45 billion when compared to the same quarter last year.

source: androidcentral