The company said it would report an operating profit of $3.8
billion for the quarter ending in September — a decline of nearly
60 percent from the same time a year earlier. Sales fell to $44
billion, off 20 percent from a year ago. […]
The South Korean electronics giant said that while smartphone
shipments increased, its operating margins fell because of higher
marketing costs, fewer shipments of high-end phones and a lower
average selling price for the devices.
The company said it is responding with a new smartphone lineup
that will include new mid-range and low-end devices, which
would make Samsung’s products more competitive in markets
such as China.
Yeah, that’s where the profits are. Good luck with that.