THE RESULTS: Samsung Electronics says net income fell 23 percent in the latest quarter.
THE REASON: Weaker demand for flat panels and computer chips offset booming smartphone shipments.
SURPASSING APPLE?: Jae Lee, a Daiwa Securities technology analyst, estimates that Samsung had shipped about 28 million smartphones in the third quarter and had surpassed Apple's iPhone shipments. Samsung says it doesn't provide figures on unit sales.