Samsung's Q2 earnings report may fall short

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Samsung's Q2 earnings report may fall short

<img src="http://cdn.gsmarena.com/...This TV Show is available upon demand...This means if you want the download link for this show, you should  reply here and we will reply  for you the download link ASAP...So please if you want to download this please don't hesitate reply here and we will be more than happy to post it for you..../newsimg/14/06/samsung-q2-earnings/thumb.jpg" width="70" height="92" hspace="3" alt="" border="0" align=left style="background:#333333;padding:0px;margin:0px 4px 0px 0px;border-style:solid;border-color:#aaaaaa;border-width:1px" /> <p>CFO of Samsung, Lee Sang Hoon, expects the company's second quarter financials to be &quot;not that good&quot;.  Samsung's projected earnings are $8.4 trillion for Q2 2014. By comparison, Samsung earned 10.2 trillion in Q3 2013.



Reports indicate that the dip in smartphone sales is the primary culprit. An analyst from KTB Investment &amp; Securities had this to say:

"The main reason behind the lowered earnings estimate largely stemmed from weak smartphone sales. Strengthening competitiveness of local players in emerging markets are hurting sales of Samsung's lower-end smartphones."


Samsung's smartphone sales shrunk from 87.5 million units to 78 million units. The drop was mostly attributed to improved iPhone sales, along with lower-end, budget phones from Chinese manufacturers nabbing up some of Samsung's market share.

The Korean tech giant plans on beefing up their sales from memory chips and high-end television sets. The actual Q2 numbers should be released next week.

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