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Samsung Reports Lowest Annual Profit In Three Years Due To Lagging Smartphone Sales
TechCrunch ^ | 1-28-15 | Cathrine Shu

Posted on 01/28/2015 6:14:35 PM PST by aMorePerfectUnion

Samsung Electronics reported its lowest annual profit since 2011 during its earnings call today as its smartphone sales continue to suffer from increasing competition. In 2014, the company’s profit was 25 trillion won, a 32 percent drop from a high of 36.8 trillion won in 2013.

Its 4Q2014 net profit fell 27 percent to 5.3 trillion won year-over-year, in-line with Samsung’s earning guidance earlier this month.

The Korean tech giant reported that its mobile unit’s earnings dropped 64 percent year-over-year to 1.96 trillion won, marketing its fifth quarterly decline in a row. Mobile sales accounted for just 58 percent of Samsung’s total operating profit last year, a significant decrease from 70 percent in 2013. The company said smartphone shipments fell in 4Q2014 and will continue to decline this quarter.

(Excerpt) Read more at techcrunch.com ...


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: samsung; smartphones
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To: aMorePerfectUnion; ~Kim4VRWC's~; 1234; Abundy; Action-America; acoulterfan; AFreeBird; Airwinger; ..
Samsung, Apple's largest Cell Phone competition releases its Financials and it's not good. — PING!


Apple v. Samsung Ping!

If you want on or off the Mac Ping List, Freepmail me.

21 posted on 01/28/2015 9:41:46 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: yarddog
Has anyone else been unable to log in to Yahoo mail?

Not today. . . my daughter called and said she was having trouble getting her email on her iPhone from Yahoo too.

22 posted on 01/28/2015 9:46:02 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: fatima

http://www.consumeraffairs.com/home_electronics/samsung_tv.html

Here’s a google search link; plenty to read. I refuse to buy from a company that treats its customers the way they have en masse:

http://www.google.com/search?q=consumer+affairs+samsung+tv&ie=UTF-8&oe=UTF-8&hl=en&client=safari


23 posted on 01/28/2015 9:53:51 PM PST by jsanders2001
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To: Post5203

> I bought my Samsung Plasma HD TV back in 2006.
It is running around 16 to 18 hours a day.
It is one of the highest quality well built items I’ve ever owned.
That and my Samsung S4 phone...it just works...doesn’t everyone want a phone that works?

I will never buy a different brand, ever.

Well your experience is the exception if you check around. I used to be a Samung fanboy until I got burned twice in a tow on high dollar items and they refused to make good on it.


24 posted on 01/28/2015 9:56:00 PM PST by jsanders2001
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To: Swordmaker
> Has anyone else been unable to log in to Yahoo mail? Not today. . . my daughter called and said she was having trouble getting her email on her iPhone from Yahoo too.

Yahoo consistently has problems but then again they probably have an extremely overloaded network plus NSA's pipeline probably slows it down a lot.

25 posted on 01/28/2015 10:00:53 PM PST by jsanders2001
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To: aMorePerfectUnion
My wife and I were set to go Samsung in May, but AT&T changed the upgrade rules. By Nov we stayed with the iPhone instead. No learning curve and the apps I use are better there. I know. I tried an Android HTC for a month and never "got it".

My one gripe with the iPhone is the "Apple knows best" philosophy, which gets down to missing customization features. One example: There's many apps I don't want to upgrade due to horrible reviews, but there's no "skip this version" to make the icon count go away.

26 posted on 01/28/2015 11:16:06 PM PST by The Truth Will Make You Free
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To: Swordmaker

Losses of income/revenue of ‘no name’ Android phone businesses - does not mean they are not making, shipping and selling phones by the tens of thousands. If one takes the combined number of ‘no name’ sales - the number of units shipped is quite considerable. South East Asian Countries are awash in low name / no name brands... There will likely be a period where these companies totally fail from not making a profit... but in the mean time they are taking sales from the top names...shipping phones to buying customers.

I am in Thailand and there are thousands of small shops selling phones ... and only a few are top name brands. They sell because it is what South East Asians can afford. I have an iMobile - iStyle Android ... cost just over a 100 bucks ... that is a lot of money for an Asian. 65 million people in Thailand and more than half have a mobile phone as they call them... Only a small percentage have Samsung or Apple.


27 posted on 01/29/2015 12:30:31 AM PST by ICCtheWay
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To: ICCtheWay

Exactly. . . they make no name Android cell phones and tablets and post losses. . . Somebody is shipping money out the door. . . Or. . . They are cooking the books, and profits are sticking to fingers not showing on the books. Xiaomi makes a profit but doesn’t pay the licensing and royalties required for the IP in their phones and tablets the big names do, you can bet these no name companies don’t either.


28 posted on 01/29/2015 12:48:58 AM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: ICCtheWay
I am in Thailand and there are thousands of small shops selling phones ... and only a few are top name brands. They sell because it is what South East Asians can afford. I have an iMobile - iStyle Android ... cost just over a 100 bucks ... that is a lot of money for an Asian. 65 million people in Thailand and more than half have a mobile phone as they call them... Only a small percentage have Samsung or Apple.

You can bet a lot of those "top name brands" aren't the top name brands either. Xiaomi makes a line of iPhone look alikes that even have Android skins that look like iOS. . . and come in boxes that look like iphone boxes, and they aren't the only ones.

29 posted on 01/29/2015 12:52:58 AM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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To: Swordmaker

I am not ‘rooting’ for these small no name phone makers or their resellers... Just reporting what I observe...


30 posted on 01/29/2015 4:29:40 AM PST by ICCtheWay
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To: Swordmaker

I am not ‘rooting’ for these small no name phone makers or their resellers... Just reporting what I observe...


31 posted on 01/29/2015 4:30:15 AM PST by ICCtheWay
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To: Swordmaker

I am not ‘rooting’ for these small no name phone makers or their resellers... Just reporting what I observe...


32 posted on 01/29/2015 4:30:41 AM PST by ICCtheWay
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To: Post5203

Buying tech stuff anymore is crap shoot. I’ve had good Samsung products and I’ve had really crappy. I had 2 Samsung HDTV’s that failed right after the 3 year warrant expired. The image pixelated on both TV’s. I also had a Samsung front load washer destroy itself when the tub detached from the drive motor. The repair would have cost more than a new machine.

That said, I have a family of four that have had several different iPhones, iPads and Macbooks for the past 8 years or so. I’ve never had a personally owned piece of Apple hardware fail. I work in IT and have seen some failures at work. Mostly the displays.


33 posted on 01/29/2015 4:44:12 AM PST by IamConservative (If fighting fire with fire is a good idea, why do the pros use water?)
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To: Swordmaker

Thanks.


34 posted on 01/29/2015 6:39:21 AM PST by yarddog (Romans 8:38-39, For I am persuaded.)
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To: yarddog

placemarker


35 posted on 01/29/2015 7:41:13 AM PST by aMorePerfectUnion ( "Forward lies the crown, and onward is the goal.")
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To: jsanders2001

Thanks.


36 posted on 01/29/2015 8:12:03 AM PST by fatima (Free Hugs Today :))
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To: Post5203

Thanks,Our Plasma is on the last leg of the journey.Had it at least 10 years so we bought a new 60 inch HD Samsung LED.Coming in about an hour.Very excited.


37 posted on 01/29/2015 8:16:55 AM PST by fatima (Free Hugs Today :))
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Comment #38 Removed by Moderator


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