Samsung confirms decline in market share in first half of 2014

2014 hasn’t been the best year for Samsung. The Korean manufacturer has seen its profits decline over the last year, and its market share has been eroded in important markets like India and China in the past couple of months. Till now, details on the company’s market share were based on reports from third-party analysts, but Samsung has itself confirmed that it did indeed see a drop in both market share and profit. In the first half of 2014, Samsung’s market share dropped to 24.9 percent, down 1.9 percent from the same time last year, as it shipped around 223.69 million units during the first six months.

Samsung’s revenues and profits also declined, with the smartphone business resulting in a drop of 19.5 percent in profit to 6.25 trillion won (US$6.11 billion), though the company did well in the TV, displays and memory businesses. As expected, the rise of Chinese manufacturers in the low-end and mid-range markets and saturation in the high-end segment are being touted as the main reasons behind the decline, and Samsung is expected to make a comeback with handsets like the Galaxy Note 4 and, to some extent, the Galaxy Alpha.

Via | Source

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Targonis
2 years 11 months ago
Targonis
The big issue for Samsung at this point is that 2014 was more of a year where the specs did not go up all that much, and the big improvements were more subjective things, such as the improvements to the AMOLED display that can’t be shown on a spec sheet. Think about that for a moment, the display on the S5 was clearly better than the S4, even though both have a 1080×1920 display. You can explain that the newer AMOLED display is better, but without seeing it, people won’t really appreciate it. Going from LCD to AMOLED is similar,… Read more »
Tusker
2 years 11 months ago
Tusker

No surprise here, they did not listen to their customers. When are they going to learn that a premium design/materials is important?

Further if they do not improve their customer service, their market share will decline further. In some parts of Asia (Sri Lanka specially) the customer service is dreadful and they do not honor the warranty given.

ngkhj
2 years 11 months ago
ngkhj
Samsung refused to listen to consumers. There are 2 big turnoffs for the new Sammy devices: 1) Samsung refusal to put back a radio receiver. Is Samsung’s answer still “use your data connection to listen to internet radio”? Maybe data is cheap in S Korea but not the rest of the world 2) What’s this replacing the menu capacitative key? Think most people find it more useful than task list. Hope tgey dont remove the capacitative keys all together coz it is the only differentiation from a LG phone (I can live with a non-amoled screen) 3) why does Sammy… Read more »
arnab2013
2 years 11 months ago
arnab2013

This was inevitable Samsung has been very careless for far too long has neglected its support base ie the customers i for one will never buy another samsung product again it has been a year since i bought a galaxy note 8.0 n5100 and am still awaiting the kitkat update in India keep it up Samsung you are not too far from losing it all

amitdalal
2 years 11 months ago
amitdalal
I’m Big Big Fanboy of Sammy. Personally I myself own a Note 2 & I’m pretty much satisfied with it. Here IMO are few points & things which Samsung should sit, think & discuss to regain its Lost Market Share : 1. Manufacture Less Models & please don’t flood the market with the variants of same Model because finally when it comes to buy the customer gets confused. 2. Provide Full Android Update support to each & every Model that you release as said upto 18 months which is clearly said by Google. By doing this the Customer will remain… Read more »
CristianRubioF
2 years 11 months ago
CristianRubioF

Only left to say “We told you…”

(SUPPORT YOUR OWN DEVICES’ SOFTWARE!!!!)

sandykalugdan
2 years 11 months ago
sandykalugdan

They are only concerned in selling their units but don’t have any concern for customers are having issues with their units.

sandykalugdan
2 years 11 months ago
sandykalugdan

They are only concerned in selling their units but don’t have any concern for customers who are having issues with their units.

lcmazza
2 years 11 months ago
lcmazza

Sammy’s solution: 100 new crappy phones and useless software to increase costs and recover the lost market share.
lol

If they could only see that less is better… but no. People want to search for a phone and they want to be able to compare. People don’t want 1.000 options. That’s ridiculous.
Also, making 6 or more models of the SAME PHONE is just crazy. Someone needs to get fired in this company.

CristianRubioF
2 years 11 months ago
CristianRubioF

You’re right, Icmazza.

What We’re asking for is so less… So tiny.

Well, let’s see. May be Samsung will hear our requests 😉

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