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Samsung's Profit Soars on Solid Smartphone Sales
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IDC reports that Samsung sold 72.4 million smartphones in the second quarter of 2014. The pace of growth is slowing as Samsung faces intense competition from Lenovo, HTC, ZTE in the low end of the smartphone market. High marketing costs are pressuring margins. Samsung second quarter net profit increased by 50% over the prior year quarter. Samsung expects weaker sales of the Galaxy S4 and has ramped up marketing promotion. Demand for expensive smartphones is declining. This has resulted in a 12% decline in Samsung's share price since late April when Samsung started selling the Galaxy S4. Apple faces a 22% decline in profits in the second quarter of 2013.
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Wall Street Journal 06/18/2013
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Wall Street Journal 07/26/2013
Wall Street Journal 07/27/2013
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Grouped Articles
Samsung Plans 'Rugged' Version of Galaxy S 4 Phone
Wall Street Journal 04/26/2013
Wall Street Journal 04/26/2013
Apple's Smartphone Market Share Falls
Wall Street Journal 04/28/2013
Samsung's Dream Is to Be No Android Sheep
Wall Street Journal 06/17/2013
Huawei Set to Launch New Smartphone
Wall Street Journal 06/18/2013
Samsung's Profit Soars on Solid Smartphone Sales
Wall Street Journal 07/26/2013
Samsung's efforts in the low-end of the smartphone market
03/21/2013
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Apple Faces Dilemma Over Strategy in China
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Apple's Smartphone Market Share Falls
Wall Street Journal 04/28/2013
Samsung Could Soon Surpass Apple in Handset Profit
New York Times 05/06/2013
Lei Jun Builds His Xiaomi Empire by Aping Apple and Steve Jobs
New York Times 06/04/2013
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Wall Street Journal 07/26/2013
Samsung performance
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Grouped Articles
Samsung Plans 'Rugged' Version of Galaxy S 4 Phone
Wall Street Journal 04/26/2013
Inside Samsung Phone: Samsung Parts
Wall Street Journal 05/08/2013
Samsung Profit Climbs 42% on Smartphone Sales
Wall Street Journal 05/12/2013
Samsung Could Soon Surpass Apple in Handset Profit
New York Times 05/06/2013
Samsung's Dream Is to Be No Android Sheep
Wall Street Journal 06/17/2013
Huawei Set to Launch New Smartphone
Wall Street Journal 06/18/2013
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