Samsung “is heading for its roughest quarter in years amid rising competition from Apple Inc. and China’s Xiaomi Corp,” Jungah Lee reports for Bloomberg. “Analysts have been cutting their profit estimates almost daily, with at least 26 of 42 tracked by Bloomberg reducing their estimates in the past four weeks. Operating profit for the third quarter is projected to plunge 47 percent, while sales are projected to fall 15 percent, according to the average analyst estimates. Both are the steepest declines since at least 2009 with Samsung to announce results tomorrow.”
“‘We all know Samsung’s third-quarter earnings will be pretty ugly,’ Claire Kim, a Seoul-based analyst at Daishin Securities Co., said by phone,” Lee reports. “Apple’s iPhone 6 and 6 Plus have screens of 4.7 inches and 5.5 inches, respectively, compared with 4 inches for previous models, and are comparable to the size of Samsung’s devices. Apple said it sold a record number of the new models during their debut weekend last month.”
MacDailyNews Take: Poof! Samsung phones’ only selling point is gone forever.
Lee reports, “Samsung “stock has dropped about 17 percent this year, wiping out approximately $32 billion of market value.”
Read more in the full article here.
MacDailyNews Take: Bwahahahaha!
An iPhone with a larger screen option will hurt Samsung immeasurably more than myriad, unending traipses through the legal morass. – MacDailyNews, May 2, 2014
Smart buyers don’t settle for less than the best. With Apple’s all new, 2nd-generation 64-bit A8-powered smartphones, the gorgeous 4.7-inch iPhone 6 and the stunning 5.5-inch iPhone 6 Plus, there’s never been a better time to stop settling for imitations and make the move to the real thing. You’ll be very glad you did.
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USA Today’s Baig reviews Apple’s 64-bit iPhone 6/Plus: ‘Smartphone stars’ – September 17, 2014
Walt Mossberg reviews Apple’s 64-bit iPhone 6: ‘The best smartphone on the market’ – September 16, 2014
The Wall Street Journal reviews Apple’s 64-bit iPhone 6: ‘The best smartphone you can buy’ – September 16, 2014
Macworld reviews 64-bit iPhone 6 and iPhone 6 Plus: Bigger is better (in the right hands) – September 16, 2014
