Samsung comes off as putting its smartphone sales woes behind it.
Part of Samsung’s problem is that it faces tougher competition than just Apple.
The prevalence of Android handsets means Samsung is fighting on two fronts.
That means there’s more competition for first-time buyers, who are drawn by lower price points.
Last year, Apple introducedthe iPhone 6 and 6 Plus, which it recently updated.
Those phones arepowering Apple’s profits.
Samsung is trying to address the problem.
On Thursday, Samsung showed the process is ongoing.
Meanwhile, profits doubled at the division housing Samsung’s chip and display businesses.
Still, Samsung indicated the good times were unlikely to last.
It forecast profits would fall in the fourth quarter and initiated a share buyback.
The service lets customers pay for goods and services using their smartphones or Gear 2 smartwatch.
