Samsung seems to know that the era of IT has peaked. That's why they got interested in biotech in the first place as a next growth engine.
From Yonhap:
Samsung Electronics Co., the world's top
smartphone maker, said Thursday its net profit fell 48.7 percent in the third
quarter from a year earlier, as its faltering smartphone business dragged down
overall sales.
Operating profit plunged 60 percent on-year to 4.1 trillion won, from a
record high of 10.1 trillion won in the same quarter of 2013.
The operating profit marks the lowest in three years, since Samsung logged
3.75 trillion won in the second quarter of 2011.
It is also the first time in three years that the company saw operating
profit decline for two consecutive quarters.
http://english.yonhapnews.co.kr/business/2014/10/30/56/0501000000AEN20141030001200320F.html
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