Archean
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Samsung Securities says Samsung phones have ‘lost appeal’
You’ll never be able to accuse Samsung’s own investment firm of being in the tank for its parent company. Bloomberg Businessweek reports that analysts have once again slashed their profit estimates for Samsung in the latest quarter, which sadly hasn’t been unusual to see this year. However, what makes this latest round of lower profit estimates noteworthy is a report from Samsung Securities that brutally explains why Samsung’s high-end smartphone business might be in a lot of trouble.
“Its smartphones have lost appeal — as evidenced by the solid performances of high-end Chinese models and unexpectedly strong iPhone 6 pre-orders,” Samsung Securities wrote in a report this week that also slashed its quarterly profit estimate from 5.7 trillion won to 4.7 trillion won.
You’ll never be able to accuse Samsung’s own investment firm of being in the tank for its parent company. Bloomberg Businessweek reports that analysts have once again slashed their profit estimates for Samsung in the latest quarter, which sadly hasn’t been unusual to see this year. However, what makes this latest round of lower profit estimates noteworthy is a report from Samsung Securities that brutally explains why Samsung’s high-end smartphone business might be in a lot of trouble.
“Its smartphones have lost appeal — as evidenced by the solid performances of high-end Chinese models and unexpectedly strong iPhone 6 pre-orders,” Samsung Securities wrote in a report this week that also slashed its quarterly profit estimate from 5.7 trillion won to 4.7 trillion won.
