MacDailyNews: Samsung 3Q profit plummets 23 percent

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Samsung 3Q profit plummets 23 percent Oct 28th 2011, 12:36 Oct 27, 2011 - 05:30 PM EDT — AAPL: 404.69 (0.00, +0%) | NASDAQ: 2738.63 (0.00, +0%) Friday, October 28, 2011 · 8:36 am · 2 Comments "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 Categories: News Tags: Apple Inc., iphone, samsung, smartphones

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