Samsung Electronics warned that its third-quarter earnings would fall 60 per cent from a year earlier as cheaper China competitors sent its smartphone division reeling.
The reversal in fortunes for the Korean group prompted some to draw parallels with once-dominant producers such as Nokia and Motorola.
“Samsung is getting closer to the fate of its peers,” Richard Windsor, analyst at Edison, said. “If market share continues to fall?.?.?.?Samsung will come closer to joining the long-suffering ranks of every other Android handset maker.”
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