Samsung's Q2 earnings report may fall short

CFO of Samsung, Lee Sang Hoon, expects the company's second quarter financials to be "not that good". Samsung's projected earnings are $8.4 billion for Q2 2014. By comparison, Samsung earned 10.2 billion in Q3 2013.


Reports indicate that the dip in smartphone sales is the primary culprit. An analyst from KTB Investment & Securities had this to say:
“The main reason behind the lowered earnings estimate largely stemmed from weak smartphone sales. Strengthening competitiveness of local players in emerging markets are hurting sales of Samsung’s lower-end smartphones.”
Samsung's smartphone sales shrunk from 87.5 million units to 78 million units. The drop was mostly attributed to improved iPhone sales, along with lower-end, budget phones from Chinese manufacturers nabbing up some of Samsung's market share.
The Korean tech giant plans on beefing up their sales from memory chips and high-end television sets. The actual Q2 numbers should be released next week.

Comments

Post a Comment

Kindly Comment Only related to Post

Popular posts from this blog

Oppo R7s will reportedly also have a 4GB RAM option

Image
While we already knew that Oppo's upcoming R7s smartphone will have 3GB RAM, it has now been revealed that the device will also be offered in a 4GB RAM variant. For those who aren't in the know, other rumored specifications of the handset include Snapdragon 615 SoC, 5.5-inch FullHD AMOLED display, 32GB expandable internal memory, 13MP/8MP camera combo, and Android 5.1.1 Lollipop. It is also said to carry a bigger battery than the R7. The R7s is set to be unveiled during this year's Gulf Information Technology Exhibition (GITEX), which is scheduled to take place in Dubai from October 18 to 22. Via
Read more

Huawei Mate 9 and Lenovo P2 now available in UK

Image
The Lenovo P2 with a mammoth 5,100mAh battery and Huawei's Mate 9 flagship smartphone are both now available for purchase in the UK. Carrier Three UK has both devices listed on its website. Specifically, the Mate 9 is available in Space Gray color option with 64GB storage. As for pricing, it's available on contract, with plans beginning from as low as £31.00 a month (£99.00 upfront.). Coming to the Lenovo P2, it's available in Grey color option with 32GB storage. Like the Mate 9, the P2 is also available on contract, with plans starting from £18.00 a month (no upfront). For more information, head to the Source links below. Source 1 2
Read more

Video shot on LG V20 details the advantages of Android 7.0 Nougat

Image
With no IFA to worry about, LG is setting up for its own September 6 party and it's cooking up some nougat - but the recipe is half about actual nougat and half about how awesome the new LG V20 will be. It will be the first phone to launch with Android 7.0 Nougat (no Nexus event yet). There's a heavy emphasis on multitasking - fast switching between apps (double tap the App switcher key), split pop-up video, quick notification replies, drag and drop between apps and more. The event will be held in San Francisco and Seoul and will come just after the bustle of IFA has died down. The V20 will have V10's secondary screen, its dual selfie camera AND G5's dual back camera for good measure. Other expected specs include a 5.7" QHD screen, Snapdragon 820 chipset with 4GB of RAM and a fingerprint reader. And as a demo of at least one of the four cameras, the promo video was shot on a V20. Looking at how smooth it is, even though it was shot handheld...
Read more

Samsung Reveals the Galaxy Gear Smartwatch

Image
Offers voice-activated phone calls and text messaging. During its Unpacked 2013 Episode 2 event in Berlin on Wednesday, Samsung showed off the Galaxy Gear smartwatch . The device allows for hands-free calls, text messages, and emails without removing your synced Galaxy smartphone from your pocket. A 1.63-inch 320 x 320 AMOLED display is worked into six different colors of bands, and accepts simple swipes to complete tasks. Backed up by an 800 MHz processor, the Galaxy Gear includes a 1.9 megapixel camera. While there's certainly a question as to the durability of the lens--the camera is located on the side of the watch's band--the ease of taking a picture is certainly impressive. A quick downward swipe captures an image or video with the Memographer feature, and you can also record a quick voice memo for yourself into the Galaxy Gear. The Galaxy Gear syncs phone calls from your Galaxy smartphone, with communication requiring you to hold your hand up to your ...
Read more

September security update starts hitting T-Mobile Galaxy S7 and S7 edge

Image
T-Mobile has started pushing out a new update to Samsung Galaxy S7 and S7 edge units on its network. The carrier's website says that the update - which weighs in at over 350MB - brings latest security patches, changes related to time/date, and various system improvements. However a quick look at the official change-log reveals that the update includes Samsung Cloud, sync feature for video and photos, as well as back up and restore features for apps, home screen, music files, and documents. A could management menu has also been added. As is usually the case with OTA roll-outs, it may take time for the update to hit your device. Meanwhile, if you feel impatient, you can manually check for the update by heading to your handset's Settings menu. Source 1 2 | Via
Read more

AT&T to offer day passes for customers traveling abroad

Image
Mobile carrier AT&T has one sweet deal for its customers who travel abroad more often. The Internationa Day Pass plan costs $10 a day and gives unlimited text and talk plus access to your data plan. The plan is available when traveling to more than 100 countries, neatly listed by the company in the list linked below. To use it, you just need to contact Customers Service and activate it. It will be active until removed and kicks in the moment you turn on your device after landing in the desired location. AT&T's fair use policy says that if the international text, voice or data exceeds 50% of total data for two consecutive months, it may need to disable it for your number. Via | Countries list
Read more