Samsung earnings disappointing for Q2, predicts analyst
Disappointing Samsung earnings are predicted by analysts for the second quarter of 2014. According to those who claim this, the main reasons behind weaker Samsung earnings figures are slower shipments of mobile devices, as well as a stronger currency exchange rate between the South Korean won and the US Dollar.
Of course, analysts have been wrong in the past, and phones like the Galaxy S 5 are continuing to break records in terms of sales. According to Samsung Securities Co., the operating profit to be posted for April-June will be about 7.9 trillion won (US$7.74 billion), down from previous market consensus of around 8.8 trillion won.
In a statement to Korean media, Samsung Electronics’ CFO, Lee Sang Hoon said that the earnings for Q2 are expected to be “not that good”. We’ll have to wait for official numbers to get a confirmation, but until then, we’ll rely on analyst predictions and the CFO’s words.
If this will be the case indeed, why do you think Samsung earnings are going down?