The Traderszone Network

Published in TZ Latest News 6 July, 2015 by The TZ Newswire Staff

Samsung Electronics profit guidance suggests costly S6 miss

South Korean tech giant Samsung Electronics Co Ltd on Tuesday guided for weaker-than-expected second-quarter earnings, as a supply shortage plagued its latest smartphone launch and tepid demand from key markets likely undercut sales. The guidance suggests that Samsung, while on a gradual recovery path, will struggle to replicate the explosive growth it recorded at the turn of the decade as smartphone competition intensifies and demand softens in China and Europe.

read more