Samsung's CFO says the financial outcome for Q2 is not good, Galaxy S5 and mid-to-low range phones to blame?
0. phoneArena 26 Jun 2014, 05:49 posted on
Samsung's chief financial officer, Lee Sang-hoon, warned the company's investors that the financial situation during the financial Q2r of the year doesn't look “too good”, as profits are expected to go down. As a result, Samsung's stocks fell roughly 2% to $1,296.4 (1,320,000 KRW)...
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63. 14545 (Posts: 1256; Member since: 22 Nov 2011)
Do you speak English? What you write sounds like it came from a 2nd grade student. Grow up.
84. kevin91202 (Posts: 361; Member since: 08 Jun 2014)
If you're going to comment on someone's English writing abilities, you should ensure that your own comments are free from grammatical errors.
"What you WRITE sounds like it CAME..." - That's incorect. It should be "What you WROTE sounds like it came..." or "What you write sounds like it COMES..." Now, who needs to grow up?
83. kevin91202 (Posts: 361; Member since: 08 Jun 2014)
1. Legitimate comment
2. Meaningless without an explanation
3. Legitimate concern
4. Legitimate concern
5. GS5 is one of the longer lasting phones on the market.
17. Napalm_3nema (Posts: 1640; Member since: 14 Jun 2013)
I don't think this is news to anyone but the diehard Samsung fanboys. Samsung thinks gimmicks sell, instead of actually investing in quality.
24. wilsong17 (unregistered)
Oh look the fan boy talking why you thing they are number 1 in Android
33. Napalm_3nema (Posts: 1640; Member since: 14 Jun 2013)
And? You guys don't get to have it both ways. If Samsung flagships are great because they are the best selling Android smartphones, then how is the iPhone "bad" when it is the best selling smartphone in any ecosystem?
I believe good is good, regardless of sales, but when your quality is questioned by reviewers and your sales fall off, it is tough to make the argument that a phone is good.
19. ChandlerBing (Posts: 35; Member since: 17 Feb 2014)
Is this the beginning of the end for Samsung? Will LG finally overtake them?
20. Martin_Cooper (Posts: 963; Member since: 30 Jul 2013)
This is what happens when you are on top for years without innovating and letting competition catchup and even surprise you in terms of value for money and innovation. Look at Nokia, Blackberry, Apples iphones, and now Samsung. Seems no one learns from history.
26. livyatan (Posts: 867; Member since: 19 Jun 2013)
This is good for the market..both Samsung and Apple(the real truth is Apple's last quarter report would've been very grim if they haven't re-released the iPhone 4 in some markets.. It reportedly sold in up to 10 million units actually) are slowing down.. It gives chance to other brands
38. Napalm_3nema (Posts: 1640; Member since: 14 Jun 2013)
It is, but the iPhone is actually picking up in sales, not slowing down. The last two quarters were better, YoY, and the 5S comprised roughly 75% of sales. Q2 only saw a drop of $4 in average selling price, which means 5C sales picked up a bit and the 4S held steady at approximately 20% of sales.
27. tiara6918 (Posts: 1916; Member since: 26 Apr 2012)
Come on, it's not because of the design. It's because you can get better low to midrange handsets from another manufacturer
28. tiara6918 (Posts: 1916; Member since: 26 Apr 2012)
Thanks Samsung fan for saying plastic is better, now I can't wait to get cheaper plastic from XiaoMi Huawei and Lenovo instead of overpriced Samsung
30. 14545 (Posts: 1256; Member since: 22 Nov 2011)
Maybe they should listen and stop increasing screen size at such an alarming rate. Some of us want the newest flagship......BUT NOT.... in a "phablet". Not that it even means anything now. I have seen my thoughts on many places about this recently.
87. g2a5b0e (Posts: 3412; Member since: 08 Jun 2012)
Your comment makes so little sense. Every OEMs phones are getting bigger every year. In fact, Sony & LG's flagship & phablet are larger than Samsung's.
32. NationGuettaTR (Posts: 38; Member since: 28 Dec 2013)
Because no one loves plastic anymore+your software is total c**p. Will switch a Nexus device or LG G3 due to metallic case and good specs. Still have regrets to bought Note 3. I wish i was wait for G3.
41. DocOc (Posts: 138; Member since: 23 Apr 2014)
I think the biggest problem with the S5 and other flagships is that they are not matching the phones capabilities with the capacity very well. There is no way that a flagship phone that you are paying $650 for should lag in any way. The S5, G3, and Z2 all have some lag. This is unacceptable. Slow down a bit on the million functions and put hardware in the phones that can make it all run smooth. The M8 has probably been the smoothest so far. I think the phones that come out this Fall will get all that straightened out with the 805 chip and 3 GB. Competition is good though, ain't it?!
43. ManusImperceptus (Posts: 720; Member since: 10 Jun 2014)
Problem is they're running Android, which will never REALLY run smoothly...
48. xfire99 (Posts: 633; Member since: 14 Mar 2012)
Samsung doesnt only sells smart phones. -.-
50. Beijendorf (Posts: 336; Member since: 27 Aug 2013)
To say what some people here always say when HTC report operating losses;
Oh this is the end of Samsung, they'll be bankrupt by the end of the year and blah blah blah financially uninformed nonsense blah blah.
53. brasstax (Posts: 148; Member since: 16 Apr 2014)
I don't think it's a secret that mid to low end devices are Samsung's bread & butter. And that's where they are facing major competition in developing countries like India, China & Phillipines. Samsung's strategy thus far has been to flood the markets with multiple models. Not a bad strategy. But where they slip up is in the pricing.
Low end Samsung phones simply do not offer bang for buck value that local OEMs do. Put simply, they are priced way too high & have much poorer specs than the local competition.
IMHO there is nothing wrong with Samsung in the flagship segment. They need to really look at what they have to offer in the mid & low end segment. It wouldn't be a bad idea for them to use mediatek chips for these segments. As someone who has been using mediatek chipset based phones for the past 2 years, I can vouch that they are not all that bad as they are made out to be.
Sure they don't support LTD & their GPS performance is poor. But Samsung needs to be smart & play the market. Let is not yet a big deal in India & it's a huge market. Samsung is a trusted brand here but has recently lost out to local OEMs who offer comparatively better specced phones at very competitive prices.
54. brasstax (Posts: 148; Member since: 16 Apr 2014)
Oops I meant LTE is not supported by mediatek & again LTE is not yet a big deal in India
56. alumoyo (Posts: 259; Member since: 26 Aug 2013)
So lets gratuitously throw in the FULL GALAXY S5 gallery to help with the situation!
60. Awalker (Posts: 963; Member since: 15 Aug 2013)
I was reading somewhere that Samsung released the S5 in twice as many countries as the S4 and they sold 10 million units only a couple of days earlier than its predecessor. I don't think the S5 is selling as planned.
78. mrblah (Posts: 555; Member since: 22 Jan 2013)
Lets face it, the S5 is a huge flop. Yea, yea, it sold good for the first few months, but I expect to see it on amazon for .01 soon.
79. kkmkk (Posts: 241; Member since: 06 May 2013)
don't understand me wrong but i hate Samsung !!
i think they should not be the company that lead the world im sure in two years LG will be the leader and apple will be the second and Samsung will be the next Nokia
81. Loubielou (Posts: 381; Member since: 11 Jul 2012)
Samsung as themselves to Blame,by Bringing to much versions of the Models they Produce,o.k the Galaxy S5 Preforms Superb,but then we get Better Versions Released a Month After,so Consumers are not Jumping in Straight Away of the First Version they Release,We then get Told of The Galaxy Prime,so this will make alot of Galaxy S5 owners Very Unhappy