Menu
Samsung profit squeezed by Galaxy S6 shortage

Samsung profit squeezed by Galaxy S6 shortage

The company couldn't meet demand for the S6's distinctive curved screen

Samsung Electronics expects to report lower than expected earnings for the second quarter after supply shortages kept down sales of its Galaxy S6 smartphone.

Operating profit for the quarter will likely be around 6.9 trillion won (US$6.1 billion), Samsung said, below the 7.2 trillion won analysts had been expecting. Sales are estimated at 48 trillion won, below the 53 trillion won analysts had forecast.

Samsung issued the preliminary earnings on Tuesday in Asia. It's due to report its full results later this month.

The Galaxy S6 isn't only Samsung's flagship smartphone. It's also its main hope for reigniting demand for its handsets, which has cooled in recent quarters.

The phone has a distinctive display that curves around the right hand side of the device, and it's that curved display that was in short supply last quarter, analysts have said.

Samsung is pinning its hopes on the S6 at a time when it's being squeezed by Apple at the high-end and by Xiaomi and other Chinese vendors at the low-end. Apple's iPhone 6 and 6 Plus in particular have been big hits around the globe, taking away sales from Samsung.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags smartphonesAndroidconsumer electronicsSamsung Electronics

Brand Post

What to expect from your IT Distributor

Whether you’re just starting out or you’ve been around since before the dot com rollercoaster, choosing the right distribution partner can be a pivotal factor in your success. This definitive guide outlines the traits that every IT partner needs to look for in their IT Distributor.

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments