Aw, Android phones aren’t selling like they used to
“Samsung warned on Monday that it would miss Wall Street’s expectations for the second quarter, an indication of a rough start for its flagship Galaxy S6 smartphone,” Nigel Manuel reports for CNET. “Also on Monday, HTC reported that it has swung back into the red. Last week, Chinese smartphone vendor Xiaomi said its sales pace for the year has slowed significantly.”
“Their results underscore the challenges that all smartphone vendors — with the potential exception of Apple — face,” Manuel reports. “It’s all part of a slowdown across the entire the consumer electronics market, according to Gartner. The research firm now forecasts global shipments of PCs, tablets and smartphones to grow 1.5 percent this year, down from its previous forecast of 2.8 percent growth.”
Manuel reports, “Samsung is the highest-profile company to offer bad news. The Korean conglomerate on Monday said it expects a seventh straight profit decline as it continues to fight tough competition in the smartphone market. Samsung has been losing out particularly to Apple’s iPhone 6 and iPhone 6 Plus.”
