Samsung Electronics may miss Q2 earnings expectations
Samsung Electronics’ CFO, Lee Sang Hoon expects the company’s earnings for second quarter to be “not that good,” a statement that was later confirmed by the Korean media. Samsung is expected to post an operating profit of 8.4 trillion won ($8.2 billion) for the second quarter of 2014. In comparison, Samsung reported record operating profit of 10.2 trillion won for Q3 2013. According to analysts, weak smartphones sales are said to be the main reason for lower earnings.
Sales of Samsung smartphones were squeezed from 87.5 million units to 78 million units due to strong iPhone sales in the high-end segment and inexpensive smartphones from Chinese brands in the budget segment, though strong sales of the Galaxy S5 reportedly limited further downfall. Jin Sung Hae, an analyst at KTB Investment & Securities stated “The main reason behind the lowered earnings estimate largely stemmed from weak smartphone sales. Strengthening competitiveness of local players in emerging markets are hurting sales of Samsung’s lower-end smartphones.”
Samsung is trying to reduce their reliance on mobile phones and tablets by focusing on luxury televisions and memory chips. Samsung is expected to reveal the actual numbers as soon as next week.
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OH and BTW Thanks for not updating the S3 to kitkat Samsung!It shows how much you support your products. I know for sure I wont be getting any of your phones. Good Bye.
Seriously, we’ve had the s3, s4 and s5 in two years,they want people to upgrade their phones every year??
What did they expect from the crappy updates / support? When they flood the market with hundreds of new crappy devices instead of focusing on quality, support and innovations?
Their best tablet by far was the galaxy rab 7.7. Yet they ignored this tablet and insted released a crapper version every 3 weeks? Lol
Look what happened to Sega. Thats the future of Samsung.
Only CrApple has cheap crappy iCopies of SAMSUNG’s Gear coming out! 😀 Look what happened to Cisco at #1 Most Valuable, But Out Sourced…. = FAILED! Dell at #1 FAILED! Where’s Gateway? FAILED! HP is still struggling and they are all totally OUT SOURCED FAKE HARDWARE MAKERS like Microsoft and Apple!!!
These are the companies that make your CrApp….. and FAIL!!!!
This was expected after samsung started cheating customers…No more samsung products…
Yeah….. you’re obviously a BURNT CrApple Fan! lol… You MAD? Because SAMSUNG is Better at LIFE than you iDiots or CrApple! 😀 Suck it up losers!!!
noob samsung,bye!support APPLE
The CrApple HATE in the World is only growing stronger with it’s iDiot children like you, leaving lame comments like yours on the web! *_^
Do you really think anything from CrApple could slow them down enough to make a difference? Obviously even if they sold 100 Million less, they’d still KILL CrAppel’s sales! haha…
that’s what samsung should expect when they ruin & ignore their customer
Agreed. Thinner bezeles and youm display, how hard is that?!?