Samsung Forecasts Weaker Fourth Quarter on Falling Prices
The fourth quarter will see "severe" competition in TV prices, Samsung said, according to Bloomberg News. There will be excess supply in the computer-memory chip market and persistent low prices in the market for liquid-crystal displays, Samsung said.
Still, the company had a positive third quarter, with profits rising 17% to a record 4.46 trillion won ($4 billion).
Samsung said profit growth would slow in the fourth quarter, without giving details.