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Samsung hammered by weak smartphone sales


Mr Josh

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HONG KONG (CNNMoney)

 

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Samsung is on track to report its weakest financial results in recent memory as the company loses ground in the intense battle for smartphone customers.
South Korea-based Samsung said Tuesday that it would report operating profit of around 4.1 trillion won ($3.8 billion) for the third quarter -- a 60% decline from the previous year. The result is worse than a--lysts had expected.

 

Third quarter sales were also lower than the previous year, falling 20% to around 47 trillion won ($44 billion). The figures are a preliminary forecast, and Samsung will release an official report in the coming weeks.
Samsung shares were up slightly in morning trading in Seoul, but the stock has declined 15% so far this year.

 

The company blamed the weak performance on slow growth and lower operating margins in the smartphone business, where it has lost ground to high-end competitors including Apple. At the other end of the cost spectrum, upstart smartphone makers like China's Xiaomi have stolen market share from Samsung.

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i had a galaxy s3 but not i have an iphone 6 and i love it <3
maybe i'll come back someday samsung!

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lol at that ugly iphone 5 ripoff.

 

why would anyone buy a samsung when they can have the flawless iphone 6 ♥♥

The Taylor Brigade: KNOCKOUT
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that's what u get for being a douchebag and always shading apple

 

Apple will always be better than you

 

my iPhone remains flawless

ibmEFRnzbqIV9f.gif

My Favs = Lady Gaga, Janet Jackson, Ricky Martin, AKB48
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Zsolti

good people can finally focus on 2011 technology properly now

 

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Please correct me if I make any grammar mistakes, I want to master English as much as possible.
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JaggedMonster

lol at that ugly iphone 5 ripoff.

 

why would anyone buy a samsung when they can have the flawless iphone 6 ♥♥

Becouse  iphone suck ass ,I had one and i changed it  most of my friends that had iPhone say they hated it. even my friend who works for verizon say it the same as the last one and ppl are just so controlled over the brand name and not the quality

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Serves samsung right, worst android OEM. Now I want Sony and HTC to dominate android with their best designs. They're the only worthy Apple competitors.

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Karma :katy:


Becouse  iphone suck ass ,I had one and i changed it  most of my friends that had iPhone say they hated it. even my friend who works for verizon say it the same as the last one and ppl are just so controlled over the brand name and not the quality

 

I don't get what's there to "hate" and how an iphone "suck ass"
I can text, call people, use my apps, surf the internet with a clean UI. What more is people expecting :emma:

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Serves samsung right, worst android OEM. Now I want Sony and HTC to dominate android with their best designs. They're the only worthy Apple competitors.

this

 

I want Sony to destroy Samsung

trash.gif

My Favs = Lady Gaga, Janet Jackson, Ricky Martin, AKB48
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lol at that ugly iphone 5 ripoff.

 

why would anyone buy a samsung when they can have the flawless iphone 6 ♥♥

Because their waaaaayyyyy over priced for 2011 technology ... 

 

I don't care for samsung but I care even less for iPhone ... 

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