Samsung expecting a massive drop in profits this quarter

Last quarter, Samsung warned that the record-breaking earnings the company had been posting might not last forever, and now the company is reiterating that message. Today, Samsung issued guidance for its forthcoming Q3 2014 earnings, telling investors that it expected profits of 4.1 trillion won ($ 3.8 billion) for the quarter. That’s down 60 percent from the record-breaking revenue that the company booked in Q3 2013. Sales of approximately 47 trillion represented a 20 percent decline over the previous year.

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