Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 26 June 2014 12:40

Poor Samsung says profits down

Written by Nick Farrell



Blames Samsung Galaxy S5

It is starting to look like the saturated smartphone market is taking a chunk out of Samsung. The outfit has warned its investors that the its balance sheet "doesn't look too good".

While it had previously suggested that profits for fiscal year Q2 would be down year-on-year, it is starting to look like things are much worse. The blame is being put on the lack of success of the Samsung Galaxy S5. The flagship phone shipped 11 million units in just a month, many believe that, in the face of stiff competition from HTC, LG and Sony it did not actually sell enough of them.

Korean brokerage firm KTB Investment & Securities also blames weak demand for Samsung's mid-to-low end smartphones in emerging markets, another area in which rivals, such Nokia have been doing better. What is interesting is if this will have knock on effect for Apple, which is also facing the same problems.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments