Tech giant Samsung's earnings guidance to miss forecasts

This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Amit Sood Amit Sood 2 years ago.

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    Profile photo of diljit diljit 
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    Second quarter earnings for the world’s biggest smartphone maker, Samsung Electronics, will likely miss expectations, the tech giant said.The South Korean company forecast that its operating profit from April to June is likely to fall 4% from a year ago to 6.9tn won ($6.13bn; £3.9bn), lower than forecasts of 7.2tn won.
    Its sales also fell 8% to 48tn won, below expectations of 53tn won.The company is struggling to see growth in a saturated smartphone market.The launch of its latest flagship smartphone, the Galaxy S6, has been plagued with supply shortage issues, impacting its sales in the quarter, say analysts.

    #13957
    Profile photo of Amit Sood Amit Sood 
    Participant

    Samsung is now falling down their more value as compared to earlier years.

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