Samsung flags 37% fall in Q4 profit from competition from Chinese makers

A man walks at the Samsung Electronics' headquarters in Seoul on Jan 7, 2015. -- PHOTO: REUTERS 
A man walks at the Samsung Electronics' headquarters in Seoul on Jan 7, 2015. -- PHOTO: REUTERS 

SEOUL (AFP) - Samsung Electronics on Thursday flagged a further on-year plunge in profits for the fourth quarter, as the world's top smartphone producer continued to battle stiff competition from Chinese makers.

Operating profit for the October-December period was estimated at 5.2 trillion won (S$631 million), down 37.4 per cent from the fourth quarter last year, the company said.