Thursday, June 26, 2014

Samsung's CFO says the financial outcome for Q2 is not good, Galaxy S5 and mid-to-low range phones to blame?

Samsung's chief financial officer, Lee Sang-hoon, warned the company's investors that the financial situation during the financial Q2 of the year doesn't look “too good”, as profits are expected to go down. As a result, Samsung's stocks fell roughly 2% to $1,296.4 (1,320,000 KRW). Previous forecasts have already caused Samsung's shares to dwindle 8.5% down during the last month, and the CFO's statement added even more fuel to the fire. The reason for this unfortunate financial situation? Well, it seems that the culprit is no other than the Galaxy S5 forerunner and its sales.



Despite the ...



from PhoneArena - News http://ift.tt/1o67jli

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