Samsung Boosts Capital Spending as Phones Fail to Revive Growth

Updated on
  • Third-quarter profit misses estimates on tepid high-end sales
  • Earnings in the December quarter forecast to decline

An attendee tries a video game on a Samsung Galaxy Gear Virtual-Reality (VR) headset.

Photographer: Tomohiro Ohsumi/Bloomberg

Samsung Electronics Co. said it will increase capital spending after posting profit that missed analysts’ estimates as price cuts on new Galaxy S6 smartphones failed to sway consumers from buying iPhones.

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