“Doubts over the sales prospects of Samsung Electronics Co Ltd’s new flagship smartphones are damping expectations of a rapid turnaround for the South Korean giant, even though profit likely continues to recover from last year’s troughs,” Se Young Lee reports for Reuters.
“The average forecast from a Thomson Reuters I/B/E/S survey of 39 analysts tips April-June operating profit at 7.2 trillion won, the same as a year earlier and up from 6 trillion won in January-March,” Lee reports. “Of those surveyed, 20 have cut their forecasts in the past 30 days by an average of 3.9 percent.”
Samsung’s “flagship phones will soon need to compete with new Apple Inc iPhones that analysts expect will launch as early as September,” Lee reports. “‘As the smartphone market matures, the period of time that consumer demand for a high-end product lasts looks to have gotten shorter,’ KTB Investment analyst Jin Sung-hye said in a report, cutting her 2015 Galaxy S6 shipments forecast to 45 million from 49 million previously.”
Read more in the full article here.
MacDailyNews Take: More pain, Karma – as much as possible, please!
SEE ALSO:
Lower than expected Galaxy S6 sales fail to drag struggling Samsung back into profitability – July 1, 2015
Apple’s indomitable iPhone 6/Plus sales unfazed by Samsung’s anemic Galaxy S6/Edge – June 2, 2015
iPhone 6, killer: Beleaguered Samsung’s Galaxy S6 sales are a total disaster – May 22, 2015
Beleaguered Samsung reports 30 percent decline in operating profit – April 28, 2015
Samsung Galaxy S6 phones suffer weaker than expected sales in South Korea homeland – April 22, 2015
15 percent of Samsung Electronics execs quit amid profit slump – April 2, 2015
Significant Android to iPhone switching weakens market for Samsung Galaxy S6 – March 24, 2015
Apple iPhone takes smartphone market share from Android around the world – March 4, 2015
Poor man’s iPhone: Android on the decline – February 26, 2015
7 trillions a quarter profit? Time to buy the whole planet then.
You forgot the “won” after trillion.
Scamsunks Apple innovating proposition is rapidly overwhelming them. Here is where Apple puts the pedal to the metal and peels away as the hapless South Koreans look on with dismay and well-deserved comeuppance. The goal is to make them feel like they don’t know what’s hitting them as they become also-rans.
Once bitten…
Samstupid ass needs to be more creative with the ads. How about putting the people online that buy Apple stuff in a guillotine. Then chop their heads off to show how dumb it is to buy Apple stuff. 😛
‘As the smartphone market matures, the period of time that consumer demand for a high-end product lasts looks to have gotten shorter.’
No, Apple still puts out a new iPhone about once a year.