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04-08-2014, 05:00 AM
Samsung profit slides for second straight quarter in Q1
http://c2.bgr.com/2014/01/samsung-sign-nan-2.jpg?w=610 (http://bgr.com/2014/04/07/samsung-earnings-q1-2014/)Samsung is wrestling with the same headwinds as Apple: slowing global smartphone volume growth and falling prices. Bloomberg (http://www.bloomberg.com/news/2014-04-07/samsung-earnings-beat-estimates-on-cheaper-galaxy-phones.html) reports (http://www.reuters.com/article/2014/04/07/us-samsung-guidance-idUSBREA361U120140407)*that Samsung's (http://bgr.com/tag/samsung) unaudited results show a first-quarter*drop in operating profit to 8.4 trillion won, or roughly $8 billion. That figure is down from 8.78 trillion won in the same quarter last year. This is*the first time since 2011 that Samsung has delivered back-to-back profit declines in two consecutive quarters. The company*is facing pretty stiff criticism over the launch of the Galaxy S5 (http://bgr.com/tag/galaxy-s5) in its home market of South Korea —*the new model is regarded as too derivative and boring by many local observers. Samsung seems to be aware that S5 is **t going to be a barn-burner though, and it opted to price the model about 10% lower than S4 one year ago.
Continue reading... (http://bgr.com/2014/04/07/samsung-earnings-q1-2014/)
http://feeds.feedburner.com/~r/TheBoyGeniusReport/~4/gTZK9fvKlTM
http://c2.bgr.com/2014/01/samsung-sign-nan-2.jpg?w=610 (http://bgr.com/2014/04/07/samsung-earnings-q1-2014/)Samsung is wrestling with the same headwinds as Apple: slowing global smartphone volume growth and falling prices. Bloomberg (http://www.bloomberg.com/news/2014-04-07/samsung-earnings-beat-estimates-on-cheaper-galaxy-phones.html) reports (http://www.reuters.com/article/2014/04/07/us-samsung-guidance-idUSBREA361U120140407)*that Samsung's (http://bgr.com/tag/samsung) unaudited results show a first-quarter*drop in operating profit to 8.4 trillion won, or roughly $8 billion. That figure is down from 8.78 trillion won in the same quarter last year. This is*the first time since 2011 that Samsung has delivered back-to-back profit declines in two consecutive quarters. The company*is facing pretty stiff criticism over the launch of the Galaxy S5 (http://bgr.com/tag/galaxy-s5) in its home market of South Korea —*the new model is regarded as too derivative and boring by many local observers. Samsung seems to be aware that S5 is **t going to be a barn-burner though, and it opted to price the model about 10% lower than S4 one year ago.
Continue reading... (http://bgr.com/2014/04/07/samsung-earnings-q1-2014/)
http://feeds.feedburner.com/~r/TheBoyGeniusReport/~4/gTZK9fvKlTM