Samsung is looking at a 60 percent drop in its operating profit for the third quarter of 2014 amid increased competition from Apple and China's Xiaomi Corp.
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The release of the Galaxy Note 4 did not save Samsung from a 49 percent tumble in net profit for the third quarter of 2014, with the tech giant pointing to increased smartphone competition and reduced sale prices for older phones.
Samsung expects to report a quarterly profit decline, with the company estimating a 2014 first quarter operating profit of approximately 8.4 trillion Korean won.
Samsung Australia is set to share its research and development insights with Deakin University, with the two organisations signing a collaboration agreement this week.