iPhone Chipping Away At Samsung Profits

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Posted 4 years ago


iPhone Chipping Away At Samsung ProfitsAccording to the Dallas News, Samsung has reported it’s lowest profit numbers since 2011.

These lower numbers can be attributed to an increase in sales of the iPhone, as well as the sales of lower-priced devices being offered by Lenovo.

Huawei products are also contributing to Samsung’s decline in profits.

“Earnings will remain stagnant this year as the explosive growth of the past two to three years seems to have ended,” said Lee Sun Tae, a Seoul-based analyst at NH Investment & Securities Co. “Although the lower-end smartphone market will continue to grow, the scale of profit from that segment doesn’t compare to the high-end market so the growth seems limited.”


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