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Analysts believe the Galaxy S6 won't be enough to stop Samsung Electronics' earnings slide

Posted: , posted by Chris P.

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Analysts believe the Galaxy S6 won't be enough to stop Samsung Electronics' earnings slide
Sluggish sales of the flagship Galaxy line, along with continued pressure from Chinese manufacturers, among which Xiaomi, and increased competition from the company's arch rival, Apple, are cited as the three main reasons behind the earnings slide in Samsung's camp. Year-on-year, in 2014 Samsung's operating income dipped 32.2%, down to 24.9 trillion won (~$22.96 billion), and analysts now forecast that 2015 will bring about a further 6% drop.

If these predictions pan out, Samsung's position will be further diminished, and despite the generally very positive Galaxy Note 4 reviews (ours included) and the upcoming Galaxy S6. That latter one is widely rumored to have hit the reset button at the smartphone division at Samsung, and we're told to expect a device that has been re-designed from the ground up. Even TouchWiz – Samsung's proprietary Android interface – will be losing some weight in order to become more like the stock version of the platform, rumors say. It's fair to say that we're quite anxious to meet the Galaxy S6 come MWC 2015, for Samsung has hopefully gone full out in order to stem the tide.

According to industry analysts, cited by The Korean Herald, better performance within the memory chips division at Samsung may partially cover for the losses that Samsung Electronics (Samsung's smartphone daughter company) incurs, but they agree that the tech giant's best days are likely already behind it.

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