Samsung is getting it from all sides. Earnings are down for the third straight quarter. Their operating profit missed expectations by almost a billion dollars (7.2 trillion won vs expected 8.1 trillion won). Apple is rumored to be releasing competitive products (larger screen phone/iWatch) in the fall. And Chinese electronics manufacturers are eating into Samsung’s highest unit sales’ sector, the cheap smartphone:

“We see some concerns in the second half of the year as Apple is set to launch iPhone 6 device with larger screen size,” Marcello Ahn, a Seoul-based analyst at Quad Investment Management Co., said by phone today. “Manufacturing capabilities of Chinese smartphone makers, such as Xiaomi and Lenovo, have significantly improved enough to even compete well against Samsung’s lower-end smartphone models.”

Add into that their forays into untested waters with the Tizen OS, increased competition from other Android manufacturers, and yesterday’s $6.3 million armed robbery.

Tough times.