DigitalOlympus.com Comments on Samsung’s Third-Quarter Report and Caution against Decline in Smartphones Sale

Leading business news blog DigitalOlympus.com has commented on recent reuters.com news story regarding Samsung which announced a quarterly profit that leaped 26 percent to set a new record equaling estimate, and propelled by a vibrant recovery in its major chip unit.

New York, NY (PRWEB) December 11, 2013

On October 25 leading business news blog DigitalOlympus.com comments on recent news story by Miyoung Kim published on October 25 on reuters.com concerning Samsung Electronics Co. Ltd which reported a quarterly profit increase of 26 percent to an all-time high corresponding with estimates backed by a vibrant recovery in its memory chip unit as smartphones sales increase declines swiftly.

The reuters.com news report indicates that the smartphone market leader has reported an all-time high profit in six of the past seven quarters but may find it difficult to continue with its successive efforts without a new hit gadget, after a less impressive roll out of its Galaxy Gear smartwatch and Galaxy Round curved phone in the past few months.

“Samsung dominance in the smartphones sector has compelled several other players to change their business tactics,” says DigitalOlympus.com principal researcher Josh Cole. “At the moment the sector is saturated, and maintaining dominance can be hard as several firms that specialize in phone systems equipment are helping players to add more features to their devices.”

A fund manager at LS Asset Management Kim Sung-soo, was cited saying "Samsung has done well, having rapidly caught up with Apple in the smartphone market. But I'm concerned whether Samsung would be able to do better."

“Samsung’s prospect of outpacing its current market record may seem unlikely at the moment,” says DigitalOlympus.com spokesperson. “We’ll advise Samsung to take similar routes as firms that specialize in business phones equipment, to find a new niche in the market.”

The reuters.com news piece further indicates that Samsung shares were traded the same after the third-quarter report versus a 0.3 percent fall in the larger market.
DigitalOlympus.com is foremost news and technology research blog dedicated to providing its readership with useful information that can help them make significant decisions regarding their businesses.


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