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.

How is Apple impacting Samsung's performance in the high-end smartphone market?

What does Samsung need to regain its competitive edge in the smartphone market?