Samsung's Q3 profits aren't doing so hot. The South Korean manufacturer reported a 13 percent drop in their fall quarterly profits. The fall was lessened thanks to their smartphone division which saw profits double from a year ago to a record high of $2.3 billion, 60 percent of Samsung's total profit. Samsung still hangs on to the No.2 spot for largest handset manufacturer just under Nokia.
It's Samsung's bread-and-butter chip business that is really hurting the company. Chip profits dropped to 1.59 trillion won, half of what they were last year.
Android Phone, Samsung Q3 Profits Are Down â€" Smartphone Business Still Booming
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