Order the just-launched Galaxy Fold7, Flip7, or Watch8 Classic – New deal Galaxy S25 Ultra
Last updated: July 7th, 2014 at 20:52 UTC+02:00
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It was expected that Samsung Electronics would post an operating profit exceeding 9 trillion won ($8.9 billion) for the second quarter. Following weaker sales of smartphones and TVs, a lot of brokerages are predicting the operating profits to be much lower than 8 trillion won ($7.91 billion). Cheaper priced offerings from brands like Xiaomi, Coolpad, Oppo and Micromax are hurting sales of Samsung smartphones and tablets. This crisis will also affect its affiliates and subsidiaries including Samsung SDI, Samsung Electro-mechanics and Samsung Display.
Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.
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