Posts tagged profit

The Galaxy S6 is about to get cheaper. Photo: Killian Bell/Cult of Android

The Galaxy S6 is about to get cheaper. Photo: Killian Bell/Cult of Android

Samsung has announced it will “adjust” its pricing for the Galaxy S6 and S6 edge in an effort to boost sales after confirming another disappointing quarter.

The South Korean company’s new profit fell 8 percent to 5.75 trillion won ($4.93 billion) year-on-year during Q2 2015, while sales fell 7 percent to 48.5 trillion won ($41.7 billion).


The Sony Xperia Z may be struggling to compete with the Galaxy S4 in many markets, but in Japan, it’s a big seller, and its popularity has helped Sony’s smartphone sales grow. The Japanese company today revealed its fiscal Q1 2013 earnings, which include 9.6 million smartphone shipments — up from 7.4 million in Q1 2012.


Despite currently offering what is arguably the best Android handset ever produced, things are going from bad to worse for HTC. The Taiwanese company’s profits have been heading the wrong way for a number of years, and in Q3, it expects to see its first operating loss since going public in 2002.


HTC has today announced its unaudited financial results for the second quarter of 2013, and despite help from the widely-praised HTC One, they do not look good. The Taiwanese firm made just NT$1.25 billion ($41 million) after tax from NT$70.7 billion ($2.35 billion) revenue, which is a staggering 83% fall from the same quarter last year.


Samsung’s Galaxy S4 was always going to be a big seller — probably the best-selling Android smartphone of 2013 — but the Korean company has lost $12 billion in market value due to concerns that the two Galaxy S4 variants that were recently announced will have a detrimental affect on its profit margins.

Brokers are also concerned that the growth prospects for Samsung smartphone business have “dimmed” following rumors of a new iPhone trade-in program from Apple.

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