Smartphones Lift Samsung To Best Profit In Over Two Years (engadget.com) 42
Samsung said on Thursday that its second-quarter operating profit likely rose 17.4% from a year earlier. The figure marks the highest for Samsung in more than 2 years. The company adds that sales of Galaxy S7 flagship smartphone propelled its mobile earnings. Engadget reports: While Samsung won't be releasing its detailed earnings until the end of July, Reuters believes the top earner this quarter is none other than the mobile division, which also topped the last one. The news source says the division's profit could be up 54.5 percent from the same period last year. According to Yonhap News, Samsung shipped out around 15 million S7 and S7 edge units from April to June, with the latter beating out the basic S7 despite being more expensive.The company's mobile division, which once mostly had to compete with Apple's iPhone in the smartphone market, has been facing stiff competition from Chinese players such as Xiaomi and Huawei especially in the emerging market. But interestingly, some of these Chinese players have started to cut the big margin that their phones enjoyed in the recent months to make more profit.
Fanboi? (Score:2)
I just upgraded from the S4 to the S7 and it's by far the best phone I've had.
Umm, ok. Great. Sounding a little fanboi-ish but fair enough. One would hope that the new version was better than the old version or else what is the point of it?
Samsung pay is accepted 95% of the places I use it.
Really? You shop exclusively at these retailers [samsung.com]? 1/3 of those retailers I've never even heard of much less shop at. Or are you saying that despite it being supposedly accepted at those places the transaction goes through 95% of the time you try to use it? Either way not much to get excited about.
The camera is almost perfect for a point and shoot. Its the first phone camera that is concisider good enough for photography use.
Smartphone cameras have been good enough for p
Re: (Score:2)
Smartphone cameras have been good enough for point and shoot photography for quite a while now.
Good enough to get a great shot of the backside of a baby running away or the place the kitten was one second ago, or great motion blur effects, sure. Good enough for somebody who has never used a DSLR and mainly collects headshots or tourist scenery. Nothing wrong with that, but please don't dismiss actual expertise in photography as snobbery. The optics just aren't there in a cell phone, sensors are far inferior and there is no such thing as an iris, among other issues. And DSLR technology does not stand
Re: (Score:2)
He said "point and shoot", which works far better on a DSLR than any cell phone, there are just so many reasons. Try it, your definition of "good enough" will immediately change.
Re: (Score:2)
For the reading impaired, he said "point and shoot photography", not "point and shoot camera". Point and shoot photography is a thing whether you do it with a cell phone or a more capable camera.
Re: (Score:2)
Maybe they'll get their head out of their ass next cycle.
Right. For me, no sd slot equals no deal.
Numbers have NOT been released (Score:1)
This article is pretty much click bait, Samsung hasn't actually reported official numbers so it's speculation as far as what the profit numbers actually are, much less Galaxy sales.
Re: (Score:2)
Not click bait, Pump and dump... If your theory is true.
Actually, I think this story is true, even if it's on slashdot... But who really knows until the numbers get filed with the SEC..
Re: (Score:2)
Are you aware that merely 10% of the world's smartphone users are Americans? Samsung's numbers are global and they trade in multiple stock markets, who cares about the SEC
Re: (Score:2)
Perhaps, but IF they trade in the USA it doesn't matter, they are bound by USA law in terms of what kind of information they can legally provide and how they provide it, including SEC filings. Even if some Korean officer of the company never steps foot in the USA the company can be held liable for things like "insider trading" and other SEC regulation violations said officer commits on foreign soil.
If you choose to be listed here in the USA, you are bound by the laws of the USA... Sorry.. If you don't like
Re: (Score:2)
I'm not saying "fuck the SEC and their rules", I'm saying this filing is not important in this context. A global company will not engage in "pump and dump" operations to make a quick buck in the USA in a single quarter when they're obviously already ahead of the pack worldwide and are unlikely to lose their market share for a long time.
Re: (Score:2)
Yes, and they've almost caught up to 2012's Q3 profit (search statista dot com)
Re: (Score:2)
First, I never mentioned Apple. Apple has nothing to do with it. I said that the great accomplishment described in the article equals the less than stellar profits Samsung made in 2012. The fact that a company making a product someone buys is profitable does NOT mean the company is ripping anyone off, unless they're a non-profit entity. It means we live in a prosperous, capitalistic society where only profitable companies survive year to year. However, when I read detritus like this article which poses a 17
Re: (Score:2)
If Samsung has made decent profit while the rest of industry does very low to no profits, if that happened that'd be noteworthy.
Now, like GP I be wary of a company that makes excessive profit on your back, like Apple or old time IBM but when it devolves to cut-throat 1% margin you can end up with garbage display screens, unusable laptop keyboards because they saved $1, or the current breed of unupgradable laptops.
Sometimes, if you pay $1 more shared between $0.50 so you can have an SD slot and $0.50 more pr
Re: (Score:2)
Exactly. Apple had a shot at taking the market and keeping it. But they insisted on those proprietary power adapters that they even changed for yet another proprietary adapter, they insisted on the lack of sd cards, cheap cameras, disposable hardware, etc. They went for the quick buck and shamelessly exploited their customers.
Can you imagine the sustainable success it could have been if they had been just a little less greedy? Instead it will have lasted a mere decade.
Re: Numbers have NOT been released (Score:1)
Re: (Score:2)
From the other side of the ocean (that country that owns St-Pierre et Miquelon) you have the two suspects but also some carrier-branded Huawei, LG too, stuff like that (even Windows phones).
Going to an equivalent of newegg there are tons of brand though, Taiwanese like Acer, Asus, and mainland China like Xiaomi, ZTE and I-don't-remember-what etc.
Earnings guidance (Score:2)
Low bar (Score:2)
Re: (Score:3, Interesting)
In "over two years"? How is 2 years a meaningful period of time for such a headline?
Because it covers the period when it was widely prophesied that the sky would fall on the smartphone boom. Turns out, the sky is only falling on Apple. [androidorigin.com]
Re: Low bar (Score:2)