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Samsung's earlier prediction for the second quarter of 2015 was spot on: the company has failed to hit its goals when it comes to the sales of its flagship devices. Its operating profits fell four percent to 6.9 trillion won ($5.9 billion), and the mobile division's, in particular, slid to 2.76 tr...

July 29th 2015 at 11:36pm 0 Comments
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Samsung predicts that its earnings from April-June of this year will likely be down four percent from last year, suggesting that sales of its newest flagship smartphones have failed to hit the mark. However, it will still be the company's highest quarterly profit since Q2 2015. The company's for...

July 6th 2015 at 11:02pm 0 Comments
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Samsung's latest earnings numbers reveal that the company did better in the first quarter of 2015 than at the end of 2014, but its overall profits are still down while the competition's are rising. The company earned an operating profit* of 6 trillion won ($5.6 billion) for January to March 2015,...

April 29th 2015 at 2:02am 0 Comments
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Samsung's profits have been on an upward swing driven by several popular versions of its Galaxy smartphones, but 2014 is going into the books as an off year. It still posted a $4.88 billion profit in Q4, but for the year it was down 32 percent from 2013 and had the lowest profit since 2011, which...

January 28th 2015 at 11:28pm 0 Comments
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At this time last year, Samsung was enjoying a record operating profit of $9.6 billion for its third quarter and shipping Galaxy phones seemingly as fast as it could make them. Now? The company announced its operating profit for the period will be down to between $3.6 and $4 billion, which would b...

October 7th 2014 at 12:25am 0 Comments
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Earlier this week, Samsung announced that it would miss Q2 expectations and take a 24% tumble in profit from the same period a year ago. That's bad news for one particular electronics giant, but some shortsighted tech soothsayers decided to shift the narrative a bit and include the iPhone in the m...

July 10th 2014 at 4:00pm 0 Comments
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Samsung's marketing budget has always been vast, but in the last quarter it was far larger than even the manufacturer itself would have liked. The company admits that it's been forced to spend extra money on promotions for older and lower-end devices that have been filling up its warehouses due to...

July 8th 2014 at 4:10am 0 Comments
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Samsung had a rough day yesterday. Its earnings report indicated the company experienced the first posted drop in profit in two years (a mere $7.8 billion, compared to $8.27 billion in the same quarter last year), thanks to a strong Korean won, a special one-off bonus payment to employees and heav...

January 24th 2014 at 6:02pm 0 Comments