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| Mobile Minute: The Mobile Minute is sponsored by SpiderCloud Wireless Samsung’s slide is starting to look like a trend. For the third straight quarter, the Korean giant is predicting lower profits due to weakening demand for its smartphones. The company still dominates the global smartphone market with roughly 30% share, but low-cost Chinese competitors are squeezing its profits. Meanwhile, in high margin markets like the U.S., Apple continues to attract the valuable customers who are more focused on features than on price. Samsung projected this week that second quarter sales will be down 9% from the year-ago quarter, and that profit will slide 24%. The company said its smartphone sales in China and Europe are under pressure. It expects to report sales of $51 billion and operating profit of $7.1 billion for the second quarter. For the first quarter, Samsung reported sales of $52 billion and operating profit of $8.2 billion. Apple’s sales for the same period were $45.6 billion and quarterly net profit was $10.2 billion. In other news, BlackBerry has more information about its upcoming Passport smartphone. For more on that, see the video below. |
Other top stories: T-Mobile US CEO continues fight against FTC claims In a blog post, T-Mobile US CEO John Legere hinted that the FTC’s actions were prompted by lobbying efforts from the carrier’s rivals and that … Read MoreAT&T infrastructure spending seen stabilizing There may be a light at the end of the tunnel for contractors, but some of them may not get paid for this year’s work until next year. … Read More Small Cell Forum to tackle NFV Virtualization continues to creep across the mobile environment, with its latest push into the small cell environment. … Read More Reader Forum: C-RAN and SDN – a question of efficiency What is the difference between cloud RAN, centralized RAN and SDN? … Read More |
