Samsung posts Q2 2015 financial results, confirms new Galaxy with "larger screen" for later this year

Samsung posts Q2 2015 financial results, confirms new Galaxy with "larger screen" for later this year

Samsung today posted financial results for the second quarter (Q2) of 2015, which ended on June 30. The South Korean giant reported a revenue of $41.7 billion (48.54 trillion KRW), and an operating profit of $5.93 billion (6.9 trillion KRW). Both numbers are slightly higher than the numbers from last quarter.

According to Samsung, the quarter-on-quarter improvements came after strong sales in the Semiconductor Business (including processors and memory products), while its TV business also played an important role.

Samsung's IT & Mobile Communications Division (responsible for smartphones, among other things) posted revenues of $22.4 billion (26.06 trillion KRW), and net profits of $2.37 billion (2.76 trillion KRW). Revenues only improved "slightly" over the last quarter, because, despite increased Galaxy S6 and S6 edge shipments, there was a drop in overall smartphone shipments (more exactly, low- and mid-end models didn't sell too well).

Samsung says that, in the second half of 2015, it will "flexibly adjusting the prices" of the S6 and S6 edge, while also releasing "a new model with a larger screen." This new model is, most likely, the Galaxy S6 Edge Plus, which is expected to be announced on August 13 alongside the Galaxy Note 5.

You can find out more about Samsung's Q2 2015 financial results at the source link below.

source: Samsung Tomorrow

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37 Comments

1. Tziggy14

Posts: 623; Member since: Sep 02, 2014

Well, despite Samsung doing better overall. Looks like Samsung is gonna be shut out of the lower end mobile market entirely. They just can't compete with the Chinese companies.

2. bucky

Posts: 3774; Member since: Sep 30, 2009

That's not very good news. While their galaxy phones are great phones they don't seem to be competing with apple very well either. They needs to put focus on the low end market more to maintain their volumes. Maybe decrease the number of models and come out with more low end, quality phones.

4. Taters

Posts: 6474; Member since: Jan 28, 2013

No one competes with Apple very well in terms of profits. In terms of numbers though. The Galaxy S series is fine.

8. nctx77

Posts: 2540; Member since: Sep 03, 2013

No one competes with Apple In terms of profit AKA highend phones.

18. Taters

Posts: 6474; Member since: Jan 28, 2013

If the iPhone can be considered high end I would agree but I wouldn't call a 750p display and 1gb of ram with zero multitasking high end.

29. darkkjedii

Posts: 30836; Member since: Feb 05, 2011

You wouldn't, but the market place would, and does.

34. mrochester

Posts: 947; Member since: Aug 17, 2014

Good job you don't get to define that then!

42. rishav20193

Posts: 240; Member since: Jul 18, 2015

pretty much bcoz of the i-image & the price it is considered high end !!

3. Taters

Posts: 6474; Member since: Jan 28, 2013

Or the Moto G. They should concentrate on microchips and Internet of things products to off set the Huawei onslaught. Or hire the best software engineers so touchwiz runs well on crap hardware like wp, iOS, and stock android does. Or just take a loss and sell high end devices for low end prices until everyone gives up and the raise the prices again. I doubt they would even consider this one but hey, it would work eventually.

5. WAusJackBauer

Posts: 452; Member since: Mar 22, 2015

They can in Australia. You can't buy any cheap chinese phones here.

7. fanboy1974

Posts: 1345; Member since: Nov 12, 2011

I like Samsung but I would never buy a low end phone or tablet from them. Only high end phones. Their tablet hardware is good but their update policy is very random. I would do Moto low end and Apple for tablets.

14. Plutonium239

Posts: 1154; Member since: Mar 17, 2015

If I were to buy any Android device(which I most likely will not ever, unless Microsoft abandons Windows 10 mobile, which is very unlikely), I would only buy something high end because it would lag less than the mid range or low end. Android simply isn't very nice to use unless on flagship grade hardware(as it is very inefficient with system resources, especially ram).

33. Macready

Posts: 1811; Member since: Dec 08, 2014

A lot of Moto E and G users (just one example) will disagree.

39. Plutonium239

Posts: 1154; Member since: Mar 17, 2015

Fanboys always disagree, no matter what the truth is. Apple fanboys will always love IPhones, no matter how far behind the hardware is, in comparisons to actual flagship devices(the hardware in an Iphone is midgrade at best). Android fanboys always deny lag issues, or security issues. And while IOS is more vulnerable than Android(i'll give you that since IOS is the single most vulnerable operating system in current use), I hear more about Android security problems than anything else. Windows Phone is more secure than Android and IOS, and more efficient with system resources(at least Android, I don't know how they are still managing to get away with only 1GB of ram on Iphones). If samsung were to put only 1GB of ram on the Galaxy s6, it would lag and would never stop lagging, it simply requires more ram and is not efficient with what it has.

43. Macready

Posts: 1811; Member since: Dec 08, 2014

This has nothing to do with fanboys. Fact is that there is little to no lag with lower end models like the Moto E and G (no, I don't own them, nor am I a fan of them), which means that Android doesn't require top end hardware to be smooth. What it means is that there are design choices being made. The more features you add, the higher the demands on the hardware side. This goes for every OS. Every manufacturer makes different decisions in this regard, on what they deem is a good balance between software features and how smooth the phone will operate with the hardware used. Also keep in mind, that the resolution used plays a role too. If you're running at 1440p, you're more likely in need of more RAM than 1 GB than when running 1080P or lower, for the same tasks.

6. darkkjedii

Posts: 30836; Member since: Feb 05, 2011

Just get those new Galaxy's out. I've choices to make.

10. InsertUsernameHere

Posts: 430; Member since: Aug 31, 2014

Same. It's between the Note 5 and iPhone 6S Plus for me. Are you leaning towards the S6 Edge Plus or Note 5?

17. nctx77

Posts: 2540; Member since: Sep 03, 2013

He is leaning towards putting his S6 on Craigslist before the fire sale!

26. darkkjedii

Posts: 30836; Member since: Feb 05, 2011

True, cause once these phones launch, it'll be flooded with em.

27. darkkjedii

Posts: 30836; Member since: Feb 05, 2011

To be honest it's a toss up. I just have to wait till the 13th. What about you?

23. tedkord

Posts: 17135; Member since: Jun 17, 2009

First world problems... It's a good time to be a tech geek.

28. darkkjedii

Posts: 30836; Member since: Feb 05, 2011

Yes it is bro...yes it is. It's like whatever floats your boat is available.

40. Plutonium239

Posts: 1154; Member since: Mar 17, 2015

Consider the Lumia 950 and 950xl.

9. nctx77

Posts: 2540; Member since: Sep 03, 2013

Let me introduce the real article about their profits since this author want to tip toe around the issue. See below. http://www.wsj.com/articles/samsung-profits-hurt-by-smartphone-price-declines-1438215502

13. mixedfish

Posts: 1545; Member since: Nov 17, 2013

PA would never mention that truth because their paychecks would dry up.

11. nctx77

Posts: 2540; Member since: Sep 03, 2013

12. quintessential

Posts: 86; Member since: Mar 11, 2015

Seems like the author of this article is trying to cover the fact that the Samsung Galaxy S6 and S6 Edge didn't quite meet sales expectations. Just by looking at this quote below: " Revenues only improved "slightly" over the last quarter, because, despite increased Galaxy S6 and S6 edge shipments, there was a drop in overall smartphone shipments (more exactly, low- and mid-end models didn't sell too well). " Increased shipments does not equate to sales btw. Many Galaxy S6s are left on the shelf without customers, while the S6 Edge is said to be 'unable to meet demand due to manufacturing process' which i think is also crap because over at my side, lots of S6 Edges are in stock with no buyers. Common sense would tell us if the S6 & S6 Edge are selling that well, they wouldn't need to go through a price cut to improve their sales. All other news sites I came across reported Samsung's high end handsets not meeting expectations while PA wrote something else.

15. nctx77

Posts: 2540; Member since: Sep 03, 2013

Exactly bro. It's exactly why I posted the links. The author didn't even mention anything about YOY sales. He tried to slant it towards the S6 plus. The bottom line is that Samsung doesn't stand out anymore. They are just another Android manufacturer.

25. Macready

Posts: 1811; Member since: Dec 08, 2014

Wrong. They're losing large ground in the low end and mid end market while gaining a bit in the higher end, which is supported by the fact that average sales price of their phones has gone up. They're shifting from a all round maker, to a more high end maker, against their own intentions.

16. CamaroSS

Posts: 173; Member since: Jul 24, 2012

LOL - you must be new here - yep, PA lost their credibility loooong time ago. Their twisted titles, data, and contents are quite disturbing. It used to be a decent site though - but they decided to live off of crapfest (fanboy wars) & then they started twisting stuff, then they started covering up YoY s**t (that matters in reality) with QoQ s**t (slowass Jan-Mar, for real?) They don't have to do the last one though as nobody gives an F to earnings. Very pathetic, PA

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