Technology

Samsung Slips Back in Battle of Smartphones

 In this March 27, 2014 file photo, an employee shows Samsung's Galaxy S5 smartphone at a mobile phone shop in Seoul, South Korea. Samsung’s new Galaxy S5 smartphone is more durable than last year’s model and other leading Android phones, but the iPhone 5s outperformed all of them in part because of its smaller size, a new study finds. (AP Photo/Lee Jin-man, File)
In this March 27, 2014 file photo, an employee shows Samsung’s Galaxy S5 smartphone at a mobile phone shop in Seoul, South Korea. Samsung’s new Galaxy S5 smartphone is more durable than last year’s model and other leading Android phones, but the iPhone 5s outperformed all of them in part because of its smaller size, a new study finds. (AP Photo/Lee Jin-man, File)

 

(Irish Times) – It seems like only last week that Samsung was seen as the indomitable giant of the consumer technology space, the company that basically owned all the profits in the Android business and, above all, the firm that took on Apple in the smartphone game and ate the iPhone’s proverbial lunch. As the flagship Galaxy S series of smartphones became ubiquitous, there was no shortage of breathless coverage showering the Korean behemoth with plaudits, confidently declaring that it had stolen Apple’s innovation crown.

And then, as suddenly as an elaborate house of cards comes tumbling down, Samsung’s golden era appears to be over.

Its last quarterly results, released at the end of July, showed an alarming slump in revenues, despite the launch of the higher- margin Galaxy S5 – a 25 per cent drop in operating profit from the year-ago quarter, down to $7.02 billion. It warned that the second half of 2014 would be “a challenge”.

“Samsung expects to see its sales of mobile devices increase with the rollout of flagship products and new models, but profitability may suffer due to a heated race over price and product specifications,” the company said.

READ MORE

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker