Lower than expected Galaxy S6 sales fail to drag struggling Samsung back into profitability
“It looks like the Galaxy S6 and Galaxy S6 Edge hasn’t been enough to drag Samsung back into profitability,” Adrian Kingsley-Hughes reports for ZDNet.
“According to a report by BusinessKorea, industry sources are predicting that operating profits will come in lower than expected for the second quarter of 2015,” Kingsley-Hughes reports. “Analysts had initially predicted that the Galaxy S6 would pull Samsung back into profitability.
Kingsley-Hughes reports, “However, the latest forecasts suggest that Samsung’s profits could fall 24 percent year-over-year compared to Q2 2014.”