Samsung Profit declines 60% on the Q3 Earnings Report

The Smartphone market is unstable, it has its ups and downs. Samsung announced its earnings guide for Q3 2014. The Korean giant expects a significant drop in profits over the same period last year about 60% to be precise.

The company expects to record profits of 4.1 trillion won (about $3.8 billion) from approximately 47 trillion won in sales. The latter are down 20% from this time last year.

Smartphone sales by Samsung are slightly up for the period. However, increased marketing costs and declining product prices hurt the company's bottom line.

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