Samsung Shares Edge Higher Amid Profit Drop

The video discusses Samsung's significant drop in quarterly profits, attributed to increased competition from Apple and Chinese brands like Lenovo and Xiaomi. Despite a 60% profit slump, Samsung still earned $3.8 billion. The company is focusing on improving its smartphone sales with new models like the Note 4 and Note Edge, and aims to regain market share with the upcoming S6. Additionally, Samsung is diversifying its business by investing in chip production, targeting the Internet of Things market. Analysts expect profits to recover by next year.

What was the main reason for Samsung's decline in phone sales?

• Lack of innovation

• Increased competition from Apple and Chinese brands

• High production costs

• Poor marketing strategies

Which new product did Samsung introduce to compete with Apple's offerings?

• Galaxy Tab S

• Galaxy A10

• Galaxy S5

• Galaxy Note 4

What unique feature does the Samsung Note Edge have?

• Foldable screen

• Curved screen that extends to the sides

• Built-in projector

• Waterproof design

What is a significant part of Samsung's diversification strategy?

• Focusing solely on smartphone sales

• Expanding into the fashion industry

• Reducing production costs

• Investing in memory chips and the Internet of Things

How much is Samsung investing in a new plant for future growth?

• $25 billion

• $15 billion

• $10 billion

• $20 billion