0
Wireless

Samsung Q2 sales fall short of expectations

Tuesday 8 July 2014 | 08:50 CET | News
Samsung Electronics reported revenues down to KRW 52 trillion for the second quarter, from KRW 54 trillion a year ago, hurt by a slowdown in demand for smartphones and tablets and the stronger won. Operating profit dropped 24 percent from a year earlier to KRW 7.2 trillion, according to the preliminary figures. Samsung said it stepped up marketing in order clear excess inventory in sales channels ahead of planned new product launches in the third quarter. Inventory was especially high for mid-range and low-end devices, due to increased competition in China and Europe, the company said. The

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Samsung
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Samsung unveils Galaxy Note 4, Note Edge

Published 03 Sep 2014 15:44 CET | World
Samsung has unveiled the new Galaxy Note 4 and Galaxy Note Edge mobile devices at the Ifa trade show in Berlin. The Note 4 comes ...

Samsung announces 03 September event for new product launch

Published 06 Aug 2014 10:42 CET | World
Samsung Electronics is expected to unveil its new Galaxy Note 4 phablet at an event announced for 03 September. The Samsung ...

Samsung hopes for better H2 after drop in Q2 results

Published 31 Jul 2014 09:04 CET | World
Samsung Electronics reported a drop in second-quarter results, hurt by the slowdown in the tablet market, costs for launch of its ...

Samsung geeft winstwaarschuwing, verkoopt minder devices

Published 08 Jul 2014 07:59 CET | World
Samsung verwacht in het tweede kwartaal een winst te noteren van 7,2 biljoen won (5,2 miljard euro), 23 procent minder dan een ...

Samsung launches new commercial for Galaxy Tab S tablet

Published 04 Jul 2014 09:21 CET | World
Samsung Electronics has introduced its third TV commercial for the Galaxy Tab S tablet. The new commercial, directed by film and ...

Samsung announces Galaxy S5 mini

Published 01 Jul 2014 11:28 CET | World
Samsung has announced the Galaxy S5 mini smartphone, a compact version of its Galaxy S5. It is set to launch in Russia in early ...

Samsung announces 4 low-end Galaxy phones running Kit Kat

Published 01 Jul 2014 10:45 CET | World
Samsung has announced four new Galaxy smartphones running Android 4.4 (Kit Kat) and featuring the company's simplified TouchWiz ...

Google adopts Samsung Knox to improve Android security

Published 26 Jun 2014 09:13 CET | World
Google has agreed to integrate Samsung Electronics' Knox platform into the next version of Android in order to improve security ...

Samsung, LG first to adopt Android Wear for watches

Published 26 Jun 2014 08:44 CET | World
Samsung and LG are the first companies to launch devices running Android Wear, Google's latest software to bring the Android OS ...

Samsung CFO sees Q2 results 'not that good'

Published 25 Jun 2014 09:12 CET | World
Samsung Electronics expects its second-quarter earnings to be "not that good," CFO Lee Sang Hoon said. Lee's comments were ...

Samsung unveils Galaxy Tab S tablet

Published 13 Jun 2014 11:21 CET | World
Samsung Electronics has introduced its Galaxy Tab S tablet. The Galaxy Tab S features WQXGA (2560x1600, 16:10) Super AMOLED ...

Samsung unveils first Tizen smartphone, to launch in Q3

Published 02 Jun 2014 09:29 CET | World
Samsung Electronics unveiled the Samsung Z, the first commercially available smartphone powered by the Tizen operating system. ...





Calendar   /   Industry Events

27 Oct GSMA Thrive North America
28 Oct Telecoms World Asia 2020
29 Oct Swisscom Q3 2020
29 Oct Hrvatski Telekom Q3 2020
29 Oct Comcast Q3 2020
29 Oct Veon Q3 2020
29 Oct NTT Docomo fiscal Q2
29 Oct Fortinet Q3 2020
29 Oct Corning Q3 2020
29 Oct Spotify Q3 2020
29 Oct CyrusOne Q3 2020
29 Oct Alphabet Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct Orange Q3 2020
29 Oct Nokia Q3 2020
29 Oct BT fiscal Q2
29 Oct Twitter Q3 2020
29 Oct Altice USA Q3 2020
29 Oct Poly fiscal Q2
29 Oct HKBN FY results
29 Oct Motorola Solutions Q3 2020
29 Oct Amazon Q3
29 Oct Ribbon Communications Q3
29 Oct Dasan Zhone Q3
29 Oct Teleste Q3 2020
29 Oct Apple fiscal Q4
29 Oct Facebook Q3 2020
29 Oct Telesat Q3 2020
29 Oct Tucows Q3 2020
29 Oct Samsung Electronics Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
30 Oct MediaTek Q3
30 Oct KDDI fiscal Q2
30 Oct Shaw Communications fiscal Q4
30 Oct Charter Communications Q3 2020
30 Oct Rovio Q3 2020
30 Oct Millicom Q3 2020
30 Oct Proximus Q3 2020
30 Oct Tecnotree Q3 2020
::: More Calendar Items