Samsung’s Q3 profit nosedives, stock soars

[Wireless News]

http://l1.yimg.com/bt/api/res/1.2/w7SV40y9eiRfyLmD2C048w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/samsung-sign-galaxy-note-3-1.jpg (http://news.yahoo.com/samsung-q3-profit-nosedives-stock-soars-112549371.html)Investors sent Samsung shares soaring more than 4.5% on Thursday as the company reported dismal third-quarter earnings… that were thankfully less dismal than analysts were expecting. In a world where the high end of the smartphone market is being squeezed by more capable mid-range and low-end phones, Samsung’s response has been to flood the market with cheaper low-margin phones. How did that work out? In the third quarter, Samsung’s operating profit plunged 60% on year to $3.9 billion and its revenue slid 20% to about $44.6 billion. DON’T MISS:-Hands on with the most surprising phone of the year, Motorola’s Droid Turbo One tweet from mobile analyst Horace Dediu says it all: Q3 (latest) Samsung’s Android device operating profit $18/unit. Estimated



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