On Tuesday this week Samsung dropped a bit of a bomb on Wall Street. Instead of profiting to the tune of $5.2 billion for the quarter, which is what analysts were expecting, Samsung said it would only pull in $3.8 billion.
While it's easy to throw out the sarcastic "Poor Samsung" comments, this is a huge miss. Earnings will come in 60 percent lower than the year-ago quarter. Analysts were not expecting this, so from a financial markets standpoint it's major news.
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