Samsung Q2 earnings fail to meet analyst's expectations
Samsung reported its second quarter earnings on Tuesday morning, and the numbers failed to meet analysts' expectations. For the three months ended in June, the manufacturer of the Samsung Galaxy S5 reported sales of 52 trillion won ($51.4 billion USD) and reported operating profits of 7.2 trillion won ($7.1 billion USD). Not only were the Q2 results lower than the previous year's figures, they were also lower than the first quarter's numbers as well.
Samsung also said that tablet sales in the period, "were sluggish due to a longer replacement cycle than that of smartphones, which is usually between two to three years." In addition, Sammy said that sales of 5 to 6 inch smartphones helped quash some of the demand for 7 to 8 inch tablets.
Samsung did say that it expects the third quarter to show an improvement thanks to "the coming release of its new smartphone lineup," a comment that most likely relates to the expected (but unannounced) Samsung Galaxy F and the Samsung Galaxy Note 4. The company also said that it doesn't expect to lay out that much scratch for marketing in the quarter.
source: Recode via MobileSyrup
Samsung did say that it expects the third quarter to show an improvement thanks to "the coming release of its new smartphone lineup," a comment that most likely relates to the expected (but unannounced) Samsung Galaxy F and the Samsung Galaxy Note 4. The company also said that it doesn't expect to lay out that much scratch for marketing in the quarter.
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