“Samsung Electronics Co Ltd on Thursday offered a downbeat outlook for the second half of the year as smartphone market growth slows and ahead of the expected release of new iPhones from arch rival Apple,” Se Young Lee reports for Reuters.
“Samsung’s dominance is being chipped away at the low-to-mid end by Chinese rivals such as Huawei Technologies Co Ltd and in the premium segment by Apple, while some markets show signs of saturation,” Lee reports. “‘I don’t think there’s much to expect from Samsung in the third quarter,’ said fund manager Park Jung-hoon at HDC Asset Management.”
“Samsung’s mobile business booked a 38 percent decline in April-June operating profit,” Lee reports. “New iPhones in September would limit Samsung’s third-quarter sales growth, analysts said… Samsung shares were down 3.5 percent as of 0426 GMT, near their lowest since November 2014.”
Read more in the full article here.
MacDailyNews Take: Arch rivals. Puleeze.
Apple’s owns 92% of smartphone industry’s profits.
It’s best not to mess with karma. — Steve Jobs
SEE ALSO:
Apple’s indomitable iPhone 6/Plus sales unfazed by Samsung’s anemic Galaxy S6/Edge – June 2, 2015
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
Study: iPhone users are smarter and richer than those who settle for Android phones – January 22, 2015
Why Android users can’t have the nicest things – January 5, 2015
iPhone users earn significantly more than those who settle for Android phones – October 8, 2014
Yet more proof that Android is for poor people – June 27, 2014
More proof that Android is for poor people – May 13, 2014
Android users poorer, shorter, unhealthier, less educated, far less charitable than Apple iPhone users – November 13, 2013
Patent infringement isn’t paying off as it did in the past.
ScamScum should get out of the cellphone business, and stick to fabrication of processors. 🖖😀⌚️
Yeah… FOOD Processors
And just two years ago, Wall Street was betting on Samsung to put Apple out of the iPhone business. I guess things don’t always go according to plan. I honestly don’t know how Samsung manages to stay in the smartphone business because it’s becoming so much like how Nokia’s business turned near the end. Nokia couldn’t sell enough high-end phones to offset their losses at the low-end despite having high market share. With Huawei and Xiaomi nipping at Samsung’s low-end smartphones, it’s inevitable Samsung will be getting hurt financially. Apple will simply have to keep the pressure on Samsung’s flagship models and that will be enough. It won’t matter how many features Samsung adds to those Galaxy S models, it not going to stop the bleeding.
Wall Street’s quest of only backing companies with high market share doesn’t seem to work out well when Apple is involved. But greedy Wall Street keeps insisting it’s only Apple who will suffer with low market share.
Judging from past history, if it wasn’t Scamsung, it would’ve been another company. ANY company will do, as long as it’s not Apple.
I really wonder what problem Wall St. has with Apple… besides the fact Apple refuses to play by Wall St. rules, that is.
Because Steve Jobs never kissed WS asses. He never bent over for a spanking. He often tells them to Fu*ck O*f. LOL That’s probably why WS will never reward Apple of anything, unless they have to.
“Samsung’s dominance is being chipped away at the low-to-mid end by Chinese rivals such as Huawei Technologies Co Ltd and in the premium segment by Apple”
Was there ever a time when Samsung was dominant in the premium segment? Apple kicked off the premium smartphone segment and was almost universally criticised for selling iPhones at such high prices. Samsung sold copies of iPhones, but they were always very secretive about the sales numbers of high end smartphones, instead merely offering a vague ‘shipped’ number covering everything that they decided to categorise as a smartphone.
I can’t recall any credible evidence that Samsung was ever the dominant manufacturer of premium smartphones.
And yet, Apple stock is getting the CRAP kicked out of it – again… because someone thought you’d better buy Lenovo versus the most valuable company ON EARTH !!! Traders and hedge funds are such assKlowns…
Apple is a sure thing. I don’t know many others in the current WallNut Street environment. Apparently, that means playing games with APPL is consistently on the WallNut Street agendas.
Sometimes I wonder where the stock price would be right now if Apple had ignored all the know-it-alls like Carl Icahn and the know-nothing-analcysts like [too many to name]. I suspect the price of AAPL would be considerably more realistic, as in higher, if Apple had simply ignored them all and done everything THEIR way, as they should have. Apple has always succeeded when it did things the right way, which is typically THEIR way.
But I’m down a quart on caffeine. So don’t listen to me. 😉
It couldn’t happen to a more deserving company. Maybe SamDung and Micro$loth should merge. Kill two horrible companies with one stone…
If Samsung put the money used in making and marketing smartphones into R&D and their chip fabrication facilities, they’d be a far more profitable company.
📵📝📉📉📉