Thursday, July 31, 2014

Samsung Teases New Smartphones, But Its Future Remains Murky

http://ift.tt/1uKPtKV // Samsung1

Samsung earnings were as bad as the company had predicted, and the future isn't looking great, either.


Its second quarter earnings marked Samsung's smallest profit in two years, bringing in $6.1 billion on sharply declining smartphone sales



The South Korean conglomerate still has the largest individual share of the global smartphone market at 25.2%, but that number is markedly lower than the roughly 32% it logged in 2013


Competition from both ends of the price spectrum have nipped at Samsung's businessApple's iPhone sales have proven resilient in the high-end marketChinese smartphone makers are moving in on Samsung's place among more frugal consumers. Read more...


More about Apple, Samsung, Smartphones, Earnings, and Business



from MashableJason Abbruzzese
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