X

General

Korean reports suggest another bad quarter for Samsung

Last week a report out of Korea brought us predictions from market analysts who claimed that Samsung could have a better first quarter than previously expected due to the stellar performance of the Galaxy S7 and the Galaxy S7 edge. The mood appears to have changed over the past few days as the latest reports out of Korea suggest that another bad quarter might be in the offing for Samsung.

According to one report, Samsung’s sales in China continue to fall, they were reportedly down to 30.98 trillion won last year which is a 6.17 percent decline over the previous year as Samsung made sales of 40.15 trillion won in China in 2013. In the past two years, the company’s sales in China have declined by 22.8 percent, higher than its overall sales decline of 12.3 percent during the same period of time. The other suggests that Samsung Display’s losses are likely going to be more than expected. It was previously believed that the display arm’s loss would come in at around $174 million, it’s now believed that the loss might be as high as $521 million due to reduced prices for LCD panels and poor sales.

The only good news from the previous quarter might be the stellar performance of the Galaxy S7 and the Galaxy S7 edge but it seems a bit unfair to rely on new flagships smartphones to improve the whole quarter for the entire company. Bear in mind that Samsung is yet to give its official earnings guidance for Q1 2016 so take all of this with a grain of salt for now. The official guidance will be released later this week.

6 Comments

Sign in »

6
Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

andres ross
andres ross

I agree with both..my note 5 from tmobile still waiting for 6.0.1 smh with we should of had b4 the year ended..Note 6 will be here b4 u know it they say July it supposed to release with Android N now got me thinking note 5 won’t get Android M

kronicle
kronicle

WTF is wrong with Sammobile that they use a trashy lame CrApplewellian PWNED Site to get this obviously bogus information??? Apple Insider or Patently Apple to get information on SAMSUNG? Don’t you all know their greatest DREAM is to See SAMSUNG Doing Bad enough that they go out of Business. They hoped it would have been last year….. but reality is they’re actually gaining on them now this year and that’s why a competitor’s site wants to paint a grim picture of Samsung, when they are having their best sales increases since Galaxy S3 launch! Galaxy S7 is selling hugely… Read more »

TheSparda
TheSparda

People aren’t stupid in China. They already know that samsung phones are bloated with poor performance compared to their beloved iphone 6/6s that is doing good over there. They have filed lawsuits over there because of it, and the snapdragon version over there has poor RAM management. Samsung offering only a 32 GB option as base storage, and no adaptable storage is pretty dumb as well when iphones have more storage, and the next one is rumored to have a 256 GB option, far higher than the separated 200 GB max & 32 Gb base option. The poor sales over… Read more »

kronicle
kronicle

Oh yeah right…. that’s why Samsung got over 15 Million Pre-Orders for Galaxy S7 and EDGE phones there!!! hahaha… Dude I can put a 200GB SD card for a Total of 232GB right now and the 32GB is a whole lot faster than the CHEAP CRAP Apple throwing in their products to pick your pockets and my S7 right now…. can you do that with 32GB base to your lame 16GB base iPhone Fixed non upgradeable iCrApple phone, can you do that? Rots of Freaking Luck Losers! lol…. 256GB? Costing $1300? haha… lol… it’s not even possible for that much… Read more »

hirentrivedi
hirentrivedi

Samsung make really nice device but quite unhappy with after sales service, No proper update policy like apple even in flagship device line up. s5 older device get android 6.0.1 but note 5 910i is still waiting for android 6.01 note 4 india no android 5.1.1 is still released, note 4 no eta or for updating android 6.0.1 just rumours and also that is not sure that all country will get it or not. It feels like being cheated by samsung after spending lots of money in flagship device. I own Note 4 910C if samsung will not update to… Read more »

kronicle
kronicle

Like do you really want to upgrade an iPhone that’s years old? Get real you’re not getting anything new and bug fixes come to Android even without an Upgraded OS. If you are so into keeping up with the Jones, Lees, Naguri’s, Johnson’s, Jaworski’s, Smiths of this World then stick with Apple! .. Because right now they are all behind SAMSUNG in features and processing power!!! haha…. #1 Phone Maker over Apple by 100 Million Android phones alone just last year. Samsung must be doing something right! lol…. Still selling 2 for every 1 iPhones Sold Today!!! So go ahead… Read more »