Samsung Boosts Capital Spending as Phones Fail to Revive GrowthBy
Third-quarter profit misses estimates on tepid high-end sales
Earnings in the December quarter forecast to decline
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.