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Shares of Samsung fell because of dissatisfaction with the new flagships

Shares of South Korean electronics manufacturer Samsung Electronics fell to a ten-month low amid frustration new smartphones Galaxy Note 5 and Galaxy S6 edge+, which may not be able to compete with the iPhone, reports Bloomberg.

Following the results of trading on Monday, shares of Samsung Electronics to the Korea exchange fell 3.16 per cent to 1.10 million won (933,67 thousands of dollars) — the lowest level since October 28, 2014.

Last Thursday, Samsung introduced in new York, new tablet and smartphone — Galaxy Note 5 and Galaxy S6 edge+. The second is an upgraded model of the flagship smartphone of the company and has rounded functional edges on two sides of the screen. In the USA and Canada machines will be on sale August 21.

Profits at Samsung Electronics fell from last year. Last week the presentation was the company’s attempt to regain revenue growth and sales. With their help she was hoping to stand out from the array of inexpensive devices that use the same operating system, Android.

Experts call presentation disappointing. This is, in particular, said Yu UOM Hyun, an analyst Korean Dongbu Securities. According to him, it must be recognized that smartphones have ceased to be what can fix falling profits.

“The event last week was very disappointing. Now we must admit that the new smartphone is not something that can stop the drop in revenue,” said the analyst.

Samsung profits fall over the past five quarters. In the second quarter of the current year profit decreased due to an incorrect assessment of the market with the withdrawal of the company of its new flagship Galaxy S6.

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