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Samsung Electronics reports record third-quarter, warns of slower smartphone growth

SEOUL (Reuters) – Samsung Electronics Co Ltd’s quarterly operating profit surged 26 percent to a new record, matching estimates and powered by a strong recovery in its memory chip business as smartphone sales growth eases sharply. The smartphone leader has posted a record profit in six of the past seven quarters but may find it hard to extend its winning streak without a new hit gadget, after less-than-spectacular launches of its Galaxy Gear smartwatch and Galaxy Round curved phone in recent months. …


Quoted from Samsung Electronics reports record third-quarter, warns of slower smartphone growth on Gadgets News Headlines – Yahoo! News

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