Samsung Shares Edge Higher Amid Profit Drop

The video discusses Samsung's significant drop in quarterly profits, attributed to increased competition from Apple and Chinese brands like Lenovo and Xiaomi. Despite a 60% profit slump, Samsung still earned $3.8 billion. The company is focusing on improving its smartphone sales with new models like the Note 4 and Note Edge, and aims to regain market share with the upcoming S6. Additionally, Samsung is diversifying its business by investing in chip production, targeting the Internet of Things market. Analysts expect profits to recover by next year.

What factors contributed to the significant drop in Samsung's quarterly profit?

How did competition from Apple affect Samsung's smartphone sales?

What strategies is Samsung implementing to regain market share in the smartphone industry?

Discuss the importance of diversification in Samsung's future business strategy.

What are analysts predicting for Samsung's profit in the upcoming year?