Samsung Electronics offered a downbeat outlook for the third quarter after April-June profit dropped on a supply shortage for one of its main smartphone models, underscoring continued headwinds for the tech giant. Samsung remained the world’s top smartphone seller in the second quarter, but investors and analysts say the South Korean firm’s inability to meet demand for its curved-screen S6 edge smartphones likely cost the firm in April-June.

  • Samsung surprises market with first-quarter profit warning ...
    Samsung has issued a surprise profit warning, blaming a slump in memory chip prices and slowing demand for display panels. It is the latest sign that technology firms are facing tougher times amid ...
    03/25/2020 - 8:03 pm | View Website
  • Samsung's Profits Crash Sixty Percent And Android Takes ...
    Samsung's mobile division is in trouble. ... with a quarter on quarter drop in revenue of 10.22%, and profit of 42.98%. ... According to the guidance this is "as a result of declines in the mobile ...
    03/22/2020 - 9:04 pm | View Website
  • Samsung's steep Q3 profit decline shows ongoing struggles ...
    Samsung's IT and mobile communications division, which typically accounts for two-thirds of the company's revenue, recorded a 74 percent drop in third-quarter operating profit to 1.75 trillion won. Sales in the division tumbled 33 percent, with mobile in particular dropping 34 percent.
    03/21/2020 - 3:22 pm | View Website
  • This is Samsung’s biggest problem. And new phablets aren’t ...
    This is Samsung’s biggest problem. And new phablets aren’t going to fix it. ... as it looks to rebuild its mobile business amid sinking profits and increased competition. ... the company ...
    03/17/2020 - 6:29 am | View Website
  • Samsung expects 60 percent drop in profit for Q3 2014
    Those factors contributed to a 30 percent drop in profits in Samsung's mobile division in the June quarter and caused the company to warn that the second half of 2014 would remain a challenge.
    03/10/2020 - 4:00 am | View Website
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