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Summary Samsung Electronics faces its third consecutive fall in quarterly profit.
The world s No.2 handset maker mainstay memory chip business was rebounding after Japan s devastating earthquake and tsunami in March. After hitting life-time highs in late January, Samsung shares have lost 12 percent. Samsung s Galaxy model smartphones and tablet computers were seen among the biggest potential rivals to Apple s iPhone and iPad but it has been unable to match the U.S. company s roaring sales growth. Samsung reported a 2.95 trillion won ($2.75 billion) operating profit for January-March.Samsung is also the world s largest maker of memory chips, flat screens and televisions.
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