Samsung Galaxy S6 Sales Fail to Impress Investors

While the Korean tech giant was hoping 2015 would mark a major recovery from previous year, investors are citing concerns that its flagship phone, the Samsung Galaxy S6, isn’t hitting its sales estimates (via Re/Code). Samsung’s stock price has fallen nearly 6% during the year, with supply shortages for the curved-screen S6 edge and “economic headwinds” in Europe and China lowering expectations, according to Reuters.


HDC Asset Management fund manager Park Jung-hoon said that after Samsung’s first-quarter results, the consensus for second-quarter earnings was somewhere around 7 trillion won ($6.22 billion). “But now I think so long as the first digit doesn’t start with a six it won’t be a shock” he added. Previously, the average forecast from a survey of 39 analysts came at April-June operating profit of 7.2 trillion won, But now, 20 of them have cut their forecasts in the past 30 days by an average of 3.9%.

“Samsung expects the new phones to be their best-selling devices to date. Data from researcher Counterpoint released in June showed that Samsung sold 6 million S6 smartphones from the April 10 launch to the end of the month, outpacing the previous S5 model in the same time frame.

But analysts say Samsung’s failure to anticipate demand for the S6 edge led to a missed opportunity. Though the firm says it now has enough capacity to meet demand for the curved-screen model, its flagship phones will soon need to compete with new Apple Inc iPhones that analysts expect will launch as early as September”.

Samsung is expected to reveal its second-quarter revenue and profit tomorrow, with full results to follow by end of July.

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  • m Arch Tom’s on Bar N Ass

    i wouldn’t be so negatively impressed by samsung results, considering apple results aren’t that real and authentic. it doesn’t take a genius to understand such a ugly iPhone 6 can’t sell well. ( iPhone 6 can’t sell well to fine societies such as european societies, at least )

  • Mac

    LOL. What?

  • FragilityG4

    Honestly your posts are pretty annoying. I love Europe and clearly you do so much you resent Canada so please do us a favour, pack your bags and go back. Canada is my home and I’d be damned if you’ll continue to put it and us proud Canadians down.

  • ????Dennis

    You’re one messed up dude.

  • m Arch Tom’s on Bar N Ass

    @FragilityG4:disqus Sure You’re not canadian ! I have met with canadians and made the most friends out of canadian meetings. ( back then when in UNI and even in london). Canadians are not proud of being canadians, i can tell, and for whatever reason they’re not, i was minding my own business and avoiding being ignorant making questions that would offend and insult with such a ” out of place ” question.
    All i can tell, canadians ( real and authentic canadians ) are ashamed of being canadians, as much as all of US in europe, are ashamed of being europeans. ( for we are enforced to share with southern, latin europe and with catholics who are not and do not belong to fine societies and addicted to criminal markets instead ) i believe you may be a adopted canadian, first or second generation of immigrants, or even worse maybe similar to justin biber? the one making the effort to be like an afro for the sake of making money and selling some tracks, and making himself ridiculous to our own eyes ( anglo-saxons, anglicans and protestants, jews europeans ) when acting and behaving like an afro rather then a coming across following church of england. ( fine society )

  • FragilityG4

    Hahaha you are a joke. Condescension is what you try to sell but you’re nothing more than a simpleton. You speak as if you know what people think – my god I’m talking to an empath! Do you know what I’m thinking now? No? Well I’m thinking you are ordinary and you have a sub par intellect! Anyway, I refuse to waste any further time with a guy who no doubt is nothing more than a troller in his parents basement. Have fun with your superiority complex and best of luck on your future shortcomings in life. Keep posting your tin foil nonsense on a unrelated technology board – people take it seriously Hahaha … PS Read a novel or two and maybe you might be able to give your IQ a few extra points since you seem to be lacking any at all. Such a simpleton.

  • m Arch Tom’s on Bar N Ass

    @FragilityG4:disqus – never said we are a male and i never did say, i know what others are thinking too. We only analyze behaviour and non-verbal communication, and the way canadians come across most times. in addition, the original blog post was about greece, politics and financial conditions and consequences on apple paid services then, no troller or spam and no off topic conversation there. last but not least, your conclusion about ourselves feeling superior is definitely wrong, we just di mentioned in fact, we feel ashamed for being europeans, ( see last post on that matter if you missed it, you must be a kid if you can’t even get full reading comprehension). feeling ashamed to belong to a certain country is quite popular these days, in both european unione and america, i could name many good friends also feeling ashamed to be from USA, or being ashamed for being americans however, i already know reasons why they do feel ashamed are related to communist catholics in europe manipulating their feelings, about themselves and with stupid mentions about americans being ignorant, when we are NOT bothered about considering women, or feminist women, and we are not in fact even affected by stupid traditions such ” ladies and kids first “. ( in fact, unlike catholic europeans, we are a not WAITer. WE ARE NOT a WAIT-HER )