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When all else fails, point fingers. That's the assessment some of Samsung's critics are making today after the South Korean tech giant announced disappointing earnings for the second quarter of...
07-31-2014, 09:58 AM #1
Samsung Indirectly Blames Apple for Earnings Disappointment
When all else fails, point fingers. That's the assessment some of Samsung's critics are making today after the South Korean tech giant announced disappointing earnings for the second quarter of 2014.
After missing Wall Street's expectations, investor's quickly sold Samsung's stock so aggressively that they effectively deleted $7.5 billion from the tech giant's market capitalization.
The world's biggest mobile-phone maker by shipments said net profit fell 20% to 6.25 trillion won ($6.1 billion) from 7.77 trillion won a year earlier. Revenue fell 8.9% to 52.35 trillion won. The last time the company recorded a net-profit drop on a year-over-year basis was for the third quarter of 2011.
According to the Wall Street Journal, Samsung plans to answer the earnings dip by rolling out cutting-edge new smartphones in the near future that should help the company regain some lost momentum.
07-31-2014, 10:45 AM #2
Good News that is what should happen to companies that steal from other companies.
Samsung plans to answer the earnings dip by rolling out cutting-edge new smartphones in the near future that should help the company regain some lost momentum. HAHA that is a funny statement Samsunk cutting edge.
07-31-2014, 11:25 AM #3
Good riddance. I'll never buy Samsung any more after they thought it was a good idea to mud-sling other companies products to promote their own. That's just bad business.
07-31-2014, 11:42 AM #4
Funny, because Samsung's success could be directly blamed on Apple.
07-31-2014, 12:20 PM #5
07-31-2014, 12:32 PM #6
07-31-2014, 12:43 PM #7
@blkcadi: Who was that intended for?
07-31-2014, 01:30 PM #8
07-31-2014, 03:12 PM #9
08-01-2014, 07:26 AM #10
"In other words, "Apple continues to erode our global market share" is what they're actually trying to say using different words."
That is speculation, opinion, and disingenuous. There is no proof to this claim what-so-ever. Like it or not, there is no way you can say that Samsung is secretly saying Apple is to blame for their recent troubles. If anything, it would be other Android OEMs, such as LG (the biggest one thus far) which has put a dent in Samsung's profits.
Crapple fans must be really grasping at straws when you have to resort to tabloid journalism to put words in your competitor's mouth.
There are many more real-world examples, which can be supported by data, fact, and user feedback, that have contributed to Samsung's recent dip. At the very most, Apple played a marginal role in the recent dip...but they were not the single cause or the greatest cause.
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08-01-2014, 11:08 AM #11
08-01-2014, 11:28 AM #12
08-01-2014, 11:56 AM #13
08-02-2014, 10:32 AM #14
and according to industry data Apple is the biggest one.
08-02-2014, 11:43 AM #15
You may be right but Apple's performance is improving while Samsung is starting to fall and i really don't care enough to do the research. All is well again. I have no respect for a Company like samsung, no originality at all. Hope they keep losing market share. Have a good weekend!