Samsung Poised for 'Ugly Quarter

Samsung is experiencing significant financial challenges, with a projected 47% drop in operating profit and a 15% decline in sales for the third quarter. This marks the second consecutive earnings decline, driven by increased competition from Apple and Chinese manufacturers like Xiaomi. In China, reduced smartphone subsidies are further impacting Samsung's market position. To regain its competitive edge, analysts suggest Samsung needs to introduce a new flagship device, potentially a successor to the Galaxy S5.

What is the expected percentage decline in Samsung's operating profit for the third quarter?

• 60%

• 50%

• 47%

• 30%

Which company is mentioned as a rising competitor to Samsung in the smartphone market?

• Oppo

• Xiaomi

• Vivo

• Huawei

What change in China is affecting Samsung's smartphone sales?

• Reduction in smartphone subsidies

• Increase in import taxes

• Rise in local manufacturing costs

• Ban on foreign smartphones

Which company is dominating the high-end smartphone market, according to the transcript?

• Google

• Apple

• Samsung

• Sony

What do analysts suggest Samsung needs to introduce to regain market share?

• A new marketing strategy

• A new star device

• A partnership with Apple

• A price reduction