Samsung earnings released, profits down
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Samsung recently released its earnings for Q2 2015, and it appears the highly anticipated Samsung Galaxy S6 release in April was not enough to help the South Korean company realize profits. The operating income of the company is down four percent from Q2 2014, and this is especially shocking given the buzz about the new flagship device's features, as well as the release of the unique Galaxy S6 Edge.
Compared to last quarter, Samsung saw a fifteen percent gain in operating income. This may seem like great news at first, but given the new releases during last quarter, this increase is not particularly surprising. The operating income for Q2 was also less than many analysts expected from the company. Many hoped that this year would be a return to form for Samsung after its declining sales in 2014, and this was not the case. Though the tech giant still holds a huge chunk of the market share, Apple and other smartphone manufacturers like HTC and LG are certainly looking to close the gap.
Though the exact reasons for Samsung's losses are not explicitly known, it seems as though the demand for the Galaxy S6 was weaker than expected. On top of this, the curved Samsung Galaxy S6 Edge was difficult and time-consuming to produce, and may not have been available in quantities large enough to satisfy demand. The company is no doubt creating their next line of smartphones for next year, and hopefully they will help to turn the earnings of the company around.