Samsung just can’t catch a break.
Although Korean investors thought the flagship Galaxy S6 and Galaxy S6 Edge smartphones would turn Samsung’s fortunes around, the financial freefall continued when the South Korean conglomerate said Tuesday it expected to report a decline in revenue and profits when its second-quarter results go public later this month.
As the Wall Street Journal noted today, the unfortunate development marks Samsung’s seventh straight quarterly profit decline. A source attributed worse than expected results to seemingly lackluster sales of Samsung’s latest flagship handsets and a gross miscalculation in demand for the Galaxy S6 versus the Galaxy S6 Edge…. Read the rest of this post here
“Samsung bracing itself for another profit drop after miscalculated Galaxy S6/Edge demand” is an article by iDownloadBlog.com.
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