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.”

Read more in the full article here.

MacDailyNews Take: Karmic.

Thermonuclear
Thermonuclear.

 

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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

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