Samsung’s second-quarter profit seen flagging on lackluster Galaxy phone sales

“Samsung Electronics Co Ltd is expected to post its smallest profit growth in more than a year in the second quarter, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business,” Ju-min Park and Heekyong Yang report for Reuters. “Analysts expect Samsung’s smartphone sales to drop in the April-June quarter, following a more than 2 percent drop in the previous quarter.”

“Samsung’s lead over Apple Inc in the global smartphone market is under pressure after the U.S. firm’s iPhone X exceeded market expectations while a lack of technological innovation dogs Samsung offerings,” Park and Yang report. “Functions (that) Samsung’s mobile phones have are not attractive enough for customers to spend more money on,’ said Song Myung-sup, analyst at HI Investment & Securities.”

“Samsung’s latest Galaxy S9 flagship phone, launched in mid-March… is on track to sell less in its launch year than its predecessor Galaxy S8 series sold in 2017 after its debut, analysts said,” Park and Yang report. “This is expected to drag on profit growth when the Korean conglomerate posts second-quarter earnings on Friday.”

Read more in the full article here.

MacDailyNews Take: Gee, that’s too bad. Are the great unwashed finally wising up to the fact that if it’s not an iPhone, it’s not an iPhone?

12 Comments

  1. Awwwww, my heart goes out to those poor, heartless rip off artists 😁😁😁😁😁. Such a shame to read this news 😆😆😆😆😆.
    I do my part by never ever buying any of their products ☺️☺️☺️☺️☺️

        1. on and on about it over many many comments yes it comes off as bragging. Do you really get so many new phones (which means Android is junk that needs to be replaced often) or were you just lying and trying to look cool?

          1. Then what is it when the fans brag about Apple? Heck, this headline is worse than what I said. Joy at another company’s poor fortune…? I repeat, don’t care about any company’s fortune, but how many rulers do you use to measure?

            I used a fact, our new phones, to highlight a logical inconsistency.

            1. no sense. What do Apple fans have to do with you droning on about many different new devices you’ve purchased? Either you are lying about how many new devices you’re always buying and using, or you are a braggart. A third choice is that Android is such junk that you have to get new devices often.

            2. “You’re in no position to understand.”

              Yeah cuz understanding that you aren’t really buying and using all the new devices you claim is sooooo hard to understand.

              I always wondered about that, you and many other Android fans drone on about owning way too many different devices. You’re either all lying or Android is such poor quality that you have no choice but to buy new devices constantly. It can’t be both.

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