Samsung's Q2 profits miss expectations, raise concerns that smartphone business has peaked

We've been hearing chatter about less than stellar Galaxy S4 sales for some time now, and now word of quarterly profits that missed expectations are raising more concerns about Samsung. Some are concluding that the Korean company's smartphone business has peaked after bringing in $8.3 billion in operating profit during the second quarter of 2013. ONLY $8.3 BILLION. Samsung typically meets or exceeds industry forecasts, so a rare miss has sent stock down a further 3 percent. In all, the price of Samsung stock has dropped 17 percent since the beginning of June.

Android Phone , Samsung's Q2 profits miss expectations, raise concerns that smartphone business has peaked, Samsung's Q2 profits miss expectations, raise concerns that smartphone business has peaked