Samsung profits fall 24.5% in the second quarter based on poor phone and tablet sales.

Samsung profits continue to fall for the third straight quarter. Not since the third quarter of 2012 have profits been so low. The profits were weaker than expected and blamed on poor phone and tablet sales, over-shipments of lackluster smartphones, the recently-strong Korean Won, and strong competition from the iPhone and numerous Chinese smartphone makers. Samsung faces an uphill battle to grow their phone and tablet business as loyalty to the brand falls. Users blame lackluster new phone features, poor battery life, faulty batteries, unstable Samsung-branded add-on apps, and other quality issues. As Apple prepares large-screen scratch resistant iPhones, Samsung needs to look for new growth engines as analysts predict sales to continue to lag.

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