“Samsung Electronics Co. slumped to a 10-month low in Seoul on disappointment with its latest smartphones to challenge Apple Inc.,” Jungah Lee reports for Bloomberg.
“The stock dropped 3.2 percent to 1,104,000 won on Monday, its lowest since October 28,” Lee reports. “Samsung has fallen 17 percent this year and is headed for its third straight annual decline.”
“‘Last week’s unpacking event was very disappointing,’ said Yoo Eui Hyung, an analyst with Dongbu Securities Co. in Seoul. ‘We should now admit that new smartphones are no longer a thing that can reverse the profit decline,'” Lee reports. “Samsung earnings have fallen for five straight quarters.”
Read more in the full article here.
MacDailyNews Take: Aw, gee, that’s too bad. 🙂
More pain, please, karma!
It’s always nice to start off each day with some thermonuclear energy!
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SEE ALSO:
Beleaguered Samsung unveils Galaxy S6 Edge Plus and Galaxy Note 5, shares fall – August 13, 2015
Beleaguered Samsung’s days in the sun are over in smartphone market – August 4, 2015
Samsung drops $10 billion in market value on poor demand for Galaxy S6 phones – July 31, 2015
Samsung will never overcome Apple’s advantage in mobile device profitability – July 30, 2015
Apple iPhone shipments show impressive growth as Samsung falls – July 30, 2015
Samsung offers downbeat outlook for year ahead of new Apple iPhones – July 30, 2015
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
[Thanks to MacDailyNews Readers “Bill” and “Edward W.” for the heads up.]
Thermokarma
That’s funny. New smartphones are still a big deal for Apple. 😜
“We should now admit…”
Well, a big “Duh” on that brilliant realization.
If Samsung hadn’t proved to be such a treacherous company, they would have remained as Apple’s principal supplier of components. However, Samsung’s lack of principles has led to them losing most of those contracts to their rivals, who are flourishing by supplying the immense volume of components that Apple needs.
Fortune’s PED this morning has a headline that reads “Samsung shamelessly imitates Apple. Again; this time in smart watches.”
Forgive me the cruelest and most enjoyable of Shamdungiest fail chuckles.
How low can they go? All the way to the pits of HELL! Hahaha
*sniff*sniff* SOB* 😩😭😿
Oh so sorry you’re being soooo screwed Samsung.
I lie! 😛 Now fork over the dough you owe Apple, you plagiarist rat finks.
Oh and a special ‘hello’ to the *ding*bats* Samsung sends over here to make us all happy.
I once placed Samsung products high on my shopping lists. I haven’t for the past few years, not after my eyes were opened to the long history of Samsung as a business with a business model based on appropriating the Intelectual Property of others.
I don’t buy watches in parking lots, and I don’t buy Samsung.
Exactly. Samsung products are automatically taken off my list if I am purchasing anything. Some things like components I can’t get away from but anything that actually says Samsung on the outside is a “NO” even if they make a great product.
I won’t reward thieves.
Exactly. I just spent $20K on a new kitchen. The brand names on the major appliances include Bosch, Maytag, Electrolux, and GE, but not Samsung. I don’t do business with, nor do I support thieves.
Maybe ScamScum will hire Stevie (Balmy) Balmer as their new CEO. I’m sure that would help them. 🖖😀⌚️
I like that strategy… like it a lot.
It’s actually a very handy section of facts. We’re glad which you embraced this convenient facts here. Please keep all of us up to date like that. Appreciation for discussing.
When it comes to samsung, it also refers to a famous company. I have a lot of companies that use their products so well