Samsung last quarter , Warned the world that the company’s record breaking earning in the last quarter might not last forever and guess what, The were Damn true about it. Samsung issued guidance for it’s forthcoming Q3 2014 earnings. It’s moto was to tell the investors that there operating profits were down by a whooping 60%.
If the Market Analysts are to be believed , then, This hefty blow to Samsung may be because of the high end phones from Apple as well as from the Chinese manufacturers. “We can’t really expect good news from Samsung’s mobile business this year,” Seoul-based analyst Song Myung Sup told the financial news service.
Claire Kim of Daishin Securities declared that “The most important thing for Samsung now is to protect its fast-falling market share, especially in China,” Obviously , Slow profit growth is even a worst problem for the company. What users can make out of it is that Samsung can now face the fear that the Nokia felt Years back. For now, Samsung expecting a massive drop in operating profit this quarter and that’s all.
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