Samsung facing tough times

Samsung (SSNLF) is facing a tough time on all fronts, as competition from cheaper models and the launch of the iPhone 6, will likely cause profit to decline again this quarter. Chairman of the group, Lee Kun-hee, also suffered a heart attack in May, leaving the company without a leader and unclear succession.

According to a Thomson Reuters poll, the company is expected to say on Tuesday, that earnings fell 12.6% for the second-quarter. Previously, CFO Lee Sang-hoon announced that the company's Q2 results "doesn’t look too good."

As a result of this year's 5% stock drop, Samsung says it will compensate investors by boosting dividends.

Comments (6)
  • pman6
    , contributor
    Comments (270) | Send Message
    I thought samsung was killing it? with their bigger screens and crap
    7 Jul 2014, 06:14 AM Reply Like
  • june1234
    , contributor
    Comments (4473) | Send Message
    With 270,00 employees spread across 79 countries from electronics to shipbuilding , insurance services, aerospace, defense and worlds 15th largest ad agency, by revenues tough times indeed for the mobile giant. Hope they make it (sarcasm)
    7 Jul 2014, 06:58 AM Reply Like
  • whiff
    , contributor
    Comments (987) | Send Message
    They should have stuck to refrigerators and air conditioners ...
    7 Jul 2014, 07:53 AM Reply Like
  • Jack Baker
    , contributor
    Comments (1390) | Send Message
    No one with the slightest modicum of analytical skills should be surprised by this. Samsung's day in the sun is over and it's not likely to come back. It will be a tough grind back to the thin margin days of selling T.V.'s and appliances.
    7 Jul 2014, 09:32 AM Reply Like
  • Joseph Dedvukaj
    , contributor
    Comments (551) | Send Message
    I think Samsung will be using Quicklogic's (QUIK) always-on ultra low power and in-system reprogrammable sensor hub chip. Quik is currently a partner with connectivity products and it has the only ultra low power (less than 2% battery life) and in-system reprogrammable sensor hub. It can do what engineers previously thought could not be done e.g. an always on sensor that uses less than 2% battery life and can be reprogrammable in the mobile device. This will help differentiate Samsung mobile products from the competition.
    7 Jul 2014, 11:27 AM Reply Like
  • Jack Baker
    , contributor
    Comments (1390) | Send Message
    Perhaps, but better battery utilization in the wrong ecosystem is still a major problem.
    8 Jul 2014, 08:12 AM Reply Like
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