Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 26 June 2014 12:40

Poor Samsung says profits down

Written by Nick Farrell



Blames Samsung Galaxy S5

It is starting to look like the saturated smartphone market is taking a chunk out of Samsung. The outfit has warned its investors that the its balance sheet "doesn't look too good".

While it had previously suggested that profits for fiscal year Q2 would be down year-on-year, it is starting to look like things are much worse. The blame is being put on the lack of success of the Samsung Galaxy S5. The flagship phone shipped 11 million units in just a month, many believe that, in the face of stiff competition from HTC, LG and Sony it did not actually sell enough of them.

Korean brokerage firm KTB Investment & Securities also blames weak demand for Samsung's mid-to-low end smartphones in emerging markets, another area in which rivals, such Nokia have been doing better. What is interesting is if this will have knock on effect for Apple, which is also facing the same problems.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments