The activity of the Korean group was impacted by production delays and less successful Galaxy S6. (© J. Yeon-Je / AFP)
Samsung Electronics announced to expect a drop in its second-quarter results, because of delays Production and less successful Galaxy S6, iPhone rival. The South Korean group expects an operating profit of 6.900 trillion won (5.5 billion euros) in the period April-June, down 4.03% year on year, the seventh straight decline in quarterly results.
Analysts surveyed by Bloomberg were expecting a positive operating result of 7.200 billion, unchanged from the same period in 2014. Nevertheless, this is a up 15% on the first quarter of the current year.
The turnover should come out to 48,000 billion won, were down more than 8% on a year but up nearly 2% from the previous quarter. Analysts had expected 53.000 billion.
Block “Read also”“The S6 Galaxy sales were much weaker than expected,” both because they struggle to impose itself against the iPhone and because the Edge Galaxy S6, equipped with a curved screen, experiencing production delays, notes Greg Roh at HMC Investment Securities Co. “The Galaxy S6 quite early market but Samsung has underestimated the market demand for the Edge model, “confirmed analysts KB Investment
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