Being one of the biggest names in the smartphone industry, Samsung has been making good money since it rose to the biggest Android smartphone manufacturer but if the earning reports for Q3 are to be believed, they are not doing too good. The revenue for the South Korean giant came down to $44.7 billion from last year’s Q3 earnings that were $56 billion. This has been the lowest profits for Samsung since 2011. A significant change we must say.
One of the main cause for this decreased revenue could be the drop in sales in the smartphone wing by 15%. Low-end and mid-end phones were the ones that sold the most, resulting in lower average selling price for Samsung. Tablets however are doing good but they could not compensate for the losses in the smartphone segment. Samsung TV too did not perform well, the profit being close to nil.