Tuesday, June 17, 2014

Samsung's Galaxy S5 is Confirmed a Dud & May Hurt Financials - Patently Apple

Perhaps an opportune moment for Amazon to be launching its new phone (tomorrow)

"Last week it was reported by NWA online that Samsung's mobile-phone business, which accounted for 76 percent of operating income in the first quarter, posted the lowest sales in five quarters as Chinese producers gain in emerging markets with cheaper, feature-packed devices. The chances of it turning around this quarter may be tough if a new report out of Korea pans out.

According to Korea's UDN, Samsung's supply chain sources are stating that Samsung's goal was to ship 21 million Galaxy S5 units this quarter and that they'll likely ship closer to 15 million which is a 25% target miss. This would be a huge miss. Sales for the Galaxy S4 are down a million units as well."
Samsung's Galaxy S5 is Confirmed a Dud & May Hurt Financials - Patently Apple
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