“Samsung Electronics Co. may have misdialed on the $1,000 smartphone era,” Timothy W. Martin reports for The Wall Street Journal. “Fewer buyers than expected have shelled out top dollar for Samsung’s new flagship device, the Galaxy S9, with top-end versions approaching the $1,000 mark. The consumer rebuke, plus heavier marketing expenses, caused second-quarter mobile-unit profits to nosedive by one-third from a year earlier.”

“Lee Kyeong-tae, vice president of Samsung’s mobile-communications business, on the company’s earnings call Tuesday… acknowledged rising price tags were ‘drawing market resistance,'” Martin reports. “Samsung is absorbing the largest blow from a smartphone industry that is struggling with a historic sales slump. Prices can’t rise much more, if at all, and Samsung is losing ground to cheaper Chinese rivals… Apple reports its quarterly results on Tuesday. Analysts expect the Cupertino, Calif., company to deliver a 2% increase in iPhone units and a 17% increase in sales on higher average selling prices, according to FactSet.”

Martin reports, “The phone struggles come just two years after Samsung faced a global recall of overheating Galaxy Note 7 devices, which ultimately cost it around $6.5 billion and led to a widespread ban on carrying the device onto aircraft amid fears it was a fire safety hazard.”

Read more in the full article here.

MacDailyNews Take: The South Korean dishwasker maker is highly confused. The best any Android phone will ever be is nothing more than a poor man’s iPhone.

SEE ALSO:
Anti-iPhone X ads show why South Korean dishwasher maker Samsung keeps losing to Apple – July 27, 2018
Apple takes U.S. market share from Android, dominates with 8 iPhones out of 10 best-selling smartphones – July 26, 2018
Apple’s iPhone X made 5 times the profit of 600 Android OEMs combined – April 18, 2018
Apple’s iPhone captured 86% of global handset profits in Q417; iPhone X alone took 35% of global handset profits – April 17, 2018
Higher income U.S. states use Apple iPhones; lower income states use Samsung Galaxy phones – September 27, 2016
Apple’s App Store is destroying Google Play in services and subscriptions – April 18, 2018
Apple App Store users spent nearly double that of Google Play users in Q417 – January 26, 2018
Bernstein: Google to pay Apple $3 billion this year to remain the default search engine on iPhones and iPads – August 14, 2017
Higher income U.S. states use Apple iPhones; lower income states use Samsung Galaxy phones – September 27, 2016
iOS users are worth 10X more than those who settle for Android – July 27, 2016
Apple’s App Store revenue nearly double that of Google’s Android – April 20, 2016
Poor man’s iPhone: Android on the decline – February 26, 2015
Study: iPhone users are smarter and richer than those who settle for Android phones – January 22, 2015
Android users poorer, shorter, unhealthier, less educated, far less charitable than Apple iPhone users – November 13, 2013
IDC data shows two thirds of Android’s 81% smartphone share are cheap junk phones – November 13, 2013
CIRP: Apple iPhone users are younger, richer, and better educated than those who settle for Samsung knockoff phones – August 19, 2013
iPhone users smarter, richer than Android phone users – August 16, 2011