Samsung says operating profit for the third quarter likely fell 60%

Se Young Lee, Reuters:

[Samsung] has seen its global market share decline in annual terms for the past two quarters, according to Strategy Analytics, out-classed by Apple Inc's iPhones in the premium segment and undercut by Chinese rivals like Lenovo Group Ltd and Xiaomi Inc at the bottom end.

 

That's a tough place to be in, and the prospects for Samsung's mobile unit don't look good.  For more on that, see Ben Thompson's post from July on Samsung's inevitable decline.

 

Ben Bajarin sums up the situation in this chart: