“Samsung Electronics has gone from smartphone model to basket case,” Aaron Back reports for The Wall Street Journal. “There could be worse to come.”
“Samsung said Tuesday its third-quarter operating profit likely fell 58% to 62% from a year earlier, which was even worse than already low analyst expectations. It was the fourth quarter in a row of declining operating profit,” Back reports. “A detailed breakdown won’t be available until Samsung releases full results, but the problem is clearly in the mobile division.”
“Samsung’s smartphone business is facing intense competitive pressure at the low-end from Chinese handset makers, and at the high-end from the iPhone,” Back reports. ” With the iPhone 6, Apple essentially wiped out Samsung’s distinguishing feature: a big screen size. And with the jumbo iPhone 6 Plus, Apple has now entered into the ‘phablet’ segment that Samsung pioneered.”
Read more in the full article here.
MacDailyNews Take: Karma sure is one beautiful bitch!
May Samsung’s pain be multiplied by infinity.
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It appears that copying the outer appearance of iPhones but not their innards didn’t pay off, after all.
Bill,
it’s strange that you mentioned about Samsung and the insides of the iPhone.
When I worked for a large school system on the east coast, I had to chuckle heads that insisted that because Samsung made the displays for the iPhone at that time that the iPhone was really a clone and copy of the Samsung phones available at the time.
Nothing would convince them otherwise.
Stupid is as stupid does…
They could see the screens, sort of like a tiny TV. Like TV, or cell phones or just about everything else, they had no clue what goes on inside the box. It might as well be magic and they might as well be muggles. A billion transistors here, a billions transistors there. Pretty soon you’re talking real technology.
Good.
MDN’s take on the situation state my feelings exactly.
Sam is Scum and so is their infinite karma
May Samsung’s pain be multiplied by infinity. YES
For sure yes!!!
But lets not forget Google and Eric Schit ! Equaly as undignified if not more !
I like to see pain there !
cool
why won’t Koreans just buy up more Samsung stock and make it go up on this bad news? oh wait, they will, and it will still same suck.
Wow…didn’t realize a spec like screen size was worthy of the title “pioneer”…
“There could be worse to come.”
“Could” is not the correct verb. Try “will”.
And another wrong word:
“There will be BETTER to come.”
(For me, not Samsung)
With Apple taking the bite on the high road and the other Asians nipping off the low road, Samsung needs to decide if it can compete in “cellphones.”
Pure guess says they should be a supplier only, but swallowing that would likely be regarded as a defeat to their management, so they will struggle along for more years trying to nick away in both high end and low end phones.
Samsung could have had a sweet business as a key supplier to Apple. But they got greedy. I doubt — and certainly hope — that Apple throws them nothing but a few crumbs …just enough to keep Apple’s _other_ supplies on their competitive toes.
$ame$hame-$hafted! 🙂
Ha ha too bad so sad oh well lights out!
Samsung/from “model to basket case”??
FOTFLU
(Falling on the floor laughing uncontrollably)
lololololololololololol
But but but….
More damn dung from Samsung comes with Randroid!
Uh, infinity times infinity.
And with the jumbo iPhone 6 Plus, Apple has now entered into the ‘phablet’ segment that Samsung pioneered.
NO. Samsung, as usual, did not pioneer. Here’s who did:
Enter the Phablet: A History of Phone-Tablet Hybrids
For years now, mobile phone companies have been trying to bridge the gap between phones and tablets. The AT&T EO, from 1993, might be the ancestor of all phablets: a first, clumsy attempt to combine a mobile phone with a screen that’s bigger than palm-sized….
Also on the list, in order, before Samsung joined in:
– HTC Advantage (2007)
– Nokia N810 WiMAX Edition (2008)
– Verizon Hub (2009)
– LG GW990 (2010)
– Dell Streak (2010)
– Acer Iconia Smart (2011)
– Pantech Pocket (2011)
The first Samsung ‘phablet’ that actually was a phone was the Galaxy Note (2012). So much for Samsung, the ‘pioneer’. 😛 😆 💩💩💩
And of course, let’s pay tribute to that great device that was WAY ahead of its time, the REAL PIONEER: The Newton:
Remembering the Apple Newton’s Prophetic Failure and Lasting Impact
Birth of an Idea
Newton was conceived on an airplane. That’s where Michael Tchao pitched the idea to Apple’s CEO, John Sculley, in early 1991.
Apple, the handheld computer tablet pioneers.
Well now that is very interesting. Thanks, Derek, for research I’d been too lazy to do.
The word phablet is an abomination, a confectionary word seized upon by ad-sucking media page-hit men who’ll hang any offal on their fishhooks. I fear it is too late to prevent word collectors from sighing and capitulating to the ‘wisdom of the crowd’, including the word in their dictionaries, which Nero Wolfe would burn, page by page.
HAHA!
I enjoy idioms, slang, word-smashing. But ‘phablet’ has to be one of the worst ever.
I have a detective out searching for the word’s originator, so we can have him smothered.
If your into anagrams (e.g. Assmung, TYVM) I see that “tablet-iphone” works out to “plentie a-both.” I mean, least it ain’t that other word that, unlike you two, have never written or spoken.
I consider Hannagh to be a goddess because, among other reasons, she is a master at words. I am not. I wish I could innately play with anagrams. I cheat and use descrambler apps. 😉 I like the two anagrams you supplied! 😀
Folks remember…. This drop has happened last quarter when iphone 6/+ were not availible.
Imagine next quarter 😄
Take that Bitch (Samdung)
yup, next quarter will be the real test of hitting rock bottom for Samsung. Will profit declines stop @ 60% or is a 75% decline possible with 2 1/2 months of iPhone 6 sales in China?