Samsung's (SSNLF.PK) shares slide 3.95% in Seoul after its Q2 operating profit projection of...

Samsung's (SSNLF.PK) shares slide 3.95% in Seoul after its Q2 operating profit projection of 9.5T won ($8.3B) misses consensus of 10.16T won. The company expects sales of 56-58T won, up from 47.60T won a year earlier but below analyst forecasts of 58.6T. In addition to the earnings miss, analysts are concerned about slowing handset sales and falling margins due to intense competition at the lower-end of the market. Still, Samsung has lots of businesses, and prices of memory chips are expected to remain strong.

Comments (5)
  • Matt-Man
    , contributor
    Comments (1114) | Send Message
    Wonder if Samsung handset loss is going to Apples pocket or is market getting soft in general(?)
    5 Jul 2013, 02:28 AM Reply Like
  • Forward Looking Guru
    , contributor
    Comments (99) | Send Message
    Hopefully the market recognizes that this data confirms that the idea that Samsung was dominating Apple in any area was a lie created by Samsung's crazy marketing. The truth is that Samsung has saturated the market held by everyone besides Apple. Significantly more people are switching to the iPhone from Samsung phones, than the other way around. Likewise, the existence of a "tablet market" is an illusion created by billions of advertising dollars. Very few people buy a Galaxy tab or Microsoft Surface instead of an iPad.


    Note: Samsung sells its phones through 4-5x more carriers than Apple. Additionally, Samsung sells the GS4 through China Mobile and NCC Docomo. (two of the largest carriers in the world.)


    Samsung is in all markets everywhere, and its growth has peaked. Apple still has plenty of growth ahead.
    5 Jul 2013, 02:42 AM Reply Like
  • kasonlee
    , contributor
    Comment (1) | Send Message
    Do not think so. The whole smart phone market is reshuffling at this moment. Let's focus on the coming AAPL ER.


    I would expect the stock down another 10% from here.


    5 Jul 2013, 05:19 PM Reply Like
  • blcosta
    , contributor
    Comments (2) | Send Message
    There´s a lot to read about trends in the consumer electronics industry. My conclusion, and personal option, is that smart TVs will progressively do the entire job at home, including whatever is today covered by PCs, stereos, DVDs, set-tops etc. Smart phones will just continue taking hold of every need on the streets. That said, if Apple wants to keep its presence in the market, and reach those who hate iTunes (80% of human kind), it should change what is now known as an "Apple TV".
    Samsung is, in this moment, the clear leader in both sides.
    8 Jul 2013, 10:16 AM Reply Like
  • rjgood
    , contributor
    Comments (233) | Send Message
    Goodbye growth, hello market saturation. Only so many humans in the world, and even fewer that can afford a smartphone.


    Tablets are next. TVs are after. Watches are on deck.


    A lot of time left in the device wars, just not for smartphones.
    10 Jul 2013, 04:22 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs