Samsung’s Slippage Stirs Smartphone Angst
MADISON, Wis. — Samsung Electronics, once the dominant force leading growth in the global mobile market, announced muted second quarter results on Wednesday (July 30), while offering a downbeat outlook for the second quarter.
Samsung’s overall revenue in the second quarter declined 7 percent to 48.54 trillion Korean won ($41.8 billion). The company’s operating profit decreased by 4 percent to 6.90 trillion won ($5.9 billion), compared with the same period a year ago. In particular, the company’s operating profit at the mobile division, compared with Q2, 2014, fell by a whopping 38% — down to 2.76 trillion won ($2.4 billion).