Searing analysis here from Stratechery on the recent Samsung results and the drop in earnings.

Most important element for me is around the OS – a standardised OS has many plus points but by its inherent nature it means you can’t fundamentally differentiate the software. Therefore if your competitive advantage in the hardware stakes diminishes then you quickly get pulled back into an indistinguishable group of competing products.

Read more: http://stratechery.com/2014/smartphone-truths-samsungs-inevitable-decline/