A few weeks ago the Yomiuri News on-line reported the following:
On the 30th (October), the Korean Samsung Electronics announced its July – September 2014 consolidated account.
On smart phone, as its major business, the competition with low-price items made in
was intensified. The net profit was 4,222,300,000,000 won (about
430,000,000,000 yen), being a drop of 48.8 % and reaching mostly half of the
same period last year. China
In its business achievement explanatory meeting held on the 30th, the said company explained that regarding the smart-phone market "one point was that it was unable to respond to sudden changes quickly", it also indicated that the prospect in achieving improvement in October - December would be difficult.
The operating profit which indicated the main business profits was 4,060,500,000,000 won, being a 60. 1 % decrease.
The Korean industry was also affected by the strong won. For Hyundai Motors the car sale number in July -September had a minor increase, yet the consolidated operating profit had stopped by 18 % to stand at 1,648,700,000,000 won.
On the other hand, LG Electronics’ smart-phone sale was favorable, the operating profit increased substantially to 112 % at 461,200,000,000 won.
It is interesting to note the difference in performance in smart phone sale between LG Electronics and Korean Samsung Electronics.