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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