Samsung Issues Downbeat Earnings Guidance, May See First Profit Decline In Three Years

In my own opinion Samsung has advance its technology to unprecedented heights in the last decade. Notably in the fields of consumer electronics which saw the launching of its latest in TV technologies…the OLED Curve TV.

TechCrunch

Last year was a hard one for Samsung Electronics and it doesn’t look like 2015 will be much better. The company just issued earnings guidance for the fourth quarter of 2014 saying that its operating profit will 5.2 trillion won (about $4.74 billion), which means that its profit for the year is likely to be 25 trillion won, the lowest in three years.

Samsung’s smartphone market share enjoyed a sharp climb in 2012, thanks in large part to the popularity of the Samsung Galaxy SIII and Galaxy Note II. Since then, however, its sales have been eroded by stronger competition. In the U.S. and other Western markets, consumers now have much more choices for phablets, or the larger smartphones that Samsung made popular, including Apple’s iPhone 6 Plus.

Meanwhile, shoppers in key growth markets like China and India have an increasing array of inexpensive but still high-performing…

View original post 69 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s