Samsung reported a record profit at KRW7.8 trillion (US$7 billion). This figure represented a 50% increase in net profit compared to last year. However, it still fell short of analyst expectations of KRW8 trillion. As a result, shares dropped, losing 14% of their value so far this year.
The demand for its Samsung Galaxy S4, which competed with Apple's iPhone and HTC's One, was slowing even though the device has sold well. Because of this slowing down, the device's profitability became questionable.
Analysts noted that Samsung was now mirroring the same trend. This trend was first seen in Apple and BlackBerry. Apple's iPhones sold well but its growth has slowed down. This led investors to push down the company's stocks in the market. Similarly, BlackBerry also struggled with its new Z10 smartphone. The company's stock also plummeted.
Because of this trend investors, and analysts as well, continued to be worried. The trend could indicate that the market was becoming saturated.
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