Samsung Electronics revenue slides 8.4% after mismanaged Galaxy S6 launch

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  • Reply 21 of 67
    Quote:

    Originally Posted by dasanman69 View Post





    It's a big risk to lie about earnings.



    One would think it would be risky to blatantly steal IP, too, but that didn't stop them.

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  • Reply 22 of 67
    jungmarkjungmark Posts: 6,928member
    cash907 wrote: »
    "Apple may have experienced a similar, if less severe problem with the iPhone 6 and 6 Plus. Shortly after the launch of the two phones in September 2014, some reports indicated that Apple had underestimated demand for the 6 Plus and was scrambling to re-adjust production accordingly."

    it's not a matter of "may," Apple did miscalculate demand for the 6 Plus. The difference is they were able to adjust production ratios faster than Samsung could and thus didn't miss out on sales to extent Samsung did. Likely this is thanks to Tim Cook doing what Tim Cook does best: logistics. That still doesn't excuse Apple dropping the ball on marketing research for demand prior to launch. They made the same mistake previously with the Gold iPhone 5S, which for a time after launch took months to get. Pointing this out doesn't excuse Samsung's miscalculation, rather simply illustrates how easy it is to get the numbers wrong when launching a new product with different variants, while lauding Apple's ability to adjust much more quickly to actual versus projected demand compared to other companies like Samsung. Why fanboys like you are so sensitive to legit observations like this, I'll never know.

    Pretty sure Apple doesn't do market research for unannounced products. Plus can anyone rely on such pre-release surveys? Apple still sold a bajillion iPhones so it's better to under estimate than over estimate.
    dasanman69 wrote: »
    It's a big risk to lie about earnings.

    With Sammy's ex-con leadership, would any of us be surprised if they did?
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  • Reply 23 of 67

    This is actually pretty good news for Samsung.

     

    The last 3 quarters saw them with YOY declines of 30%, 36% and 60% for their operating profits.

     

    So to post a 4% reduction in operating profits is actually a big improvement, considering how horrible they've been doing.

     

    So the S6 probably helped a bit, but not as much as it should have. They couldn't even beat last years results for the same quarter with the disappointing S5 launch/sales.

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  • Reply 24 of 67
    dasanman69dasanman69 Posts: 13,002member
    dasanman69 wrote: »
    It's a big risk to lie about earnings.


    One would think it would be risky to blatantly steal IP, too, but that didn't stop them.

    The SEP hands out punishment much swifter than the courts do.
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  • Reply 25 of 67
    Quote:

    Originally Posted by TeaEarleGreyHot View Post

     

     

    Who would believe Sammys "real numbers" anyway?  

    They're already established liars when it comes to sales:

    http://www.idownloadblog.com/2014/04/11/samsung-lied-about-tablet-sales/

     

    And they cheat during benchmarking runs, intended to show performance:

    http://bgr.com/2013/11/27/samsung-benchmark-cheating-banned-htc/

     

    But yeah, you'll believe whatever Sammy says are "real numbers".  Right.


     

    Hopefully you forget to end your response with /s.

     

    If not, :mad:, using my previous 600+ posts as reference, I can honestly write that I tend to dispute the good news reported and rumored by the Samsung gang, which at times includes this very site. My "real numbers" was in reference to timeframe. From now until Samsung reports its real numbers, watch.... I hope this clears any misunderstanding about my original post.

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  • Reply 26 of 67
    tooltalktooltalk Posts: 766member
    Quote:

    Originally Posted by mike1 View Post

     

    Must be time for Samsung to run some ads that make fun of Apple customers. That's always a good way to make make customers convert.

     

    Based on the sales reports I've seen over the last few months. Apple's forecast for 6 vs. 6+ was pretty much spot on. It seems they may have underestimated the initial demand for the 6+. After that, things stabilized to the ratios they initially thought. Although, who knows, Apple may have done that intentionally too.


     

    @mike1 : I think Samsung's marketing expenses peaked in 2013 ($14B), when their sales and marketshare also jumped #1 from their high single-figure in 2010.  Making fun of Apple customers certainly worked for them.  I haven't really seen too many of those recently -- I think they need to do more of those. 

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  • Reply 27 of 67
    anantksundaramanantksundaram Posts: 20,419member
    cornchip wrote: »
    ....Sammy will be back, bigger, stronger & better than ever next quarter...

    Smoother too...
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  • Reply 28 of 67
    anantksundaramanantksundaram Posts: 20,419member
    dasanman69 wrote: »

    I don't recall him being a Samsung apologist.

    Agreed. Just to clarify, he's solely a Google apologist. ;-)
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  • Reply 29 of 67
    retrogustoretrogusto Posts: 1,163member

    The Next Big Thing Is Here. But We're Not Sure What It Is.®

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  • Reply 30 of 67
    gatorguygatorguy Posts: 24,770member
    jungmark wrote: »
    Pretty sure Apple doesn't do market research for unannounced products.

    FWIW, from an Apple FAQ:
    Is this research survey coming from Apple?
    Yes. Occasionally Apple hires outside market research firms to conduct research on our behalf. We try to brand our research whenever possible.
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  • Reply 31 of 67
    freerangefreerange Posts: 1,597member
    cash907 wrote: »
    "Apple may have experienced a similar, if less severe problem with the iPhone 6 and 6 Plus. Shortly after the launch of the two phones in September 2014, some reports indicated that Apple had underestimated demand for the 6 Plus and was scrambling to re-adjust production accordingly."

    it's not a matter of "may," Apple did miscalculate demand for the 6 Plus. The difference is they were able to adjust production ratios faster than Samsung could and thus didn't miss out on sales to extent Samsung did. Likely this is thanks to Tim Cook doing what Tim Cook does best: logistics. That still doesn't excuse Apple dropping the ball on marketing research for demand prior to launch. They made the same mistake previously with the Gold iPhone 5S, which for a time after launch took months to get. Pointing this out doesn't excuse Samsung's miscalculation, rather simply illustrates how easy it is to get the numbers wrong when launching a new product with different variants, while lauding Apple's ability to adjust much more quickly to actual versus projected demand compared to other companies like Samsung. Why fanboys like you are so sensitive to legit observations like this, I'll never know.

    Why people like you like calling others "fanboys" I'll never know. You obviously have absolutely no clue yourself why things are happening behind the scenes with Samsung or Apple. We know for sure that the problems with the gold phone were a result of getting the annodized coating right and then ramping up production, and that probably the 6 + was a production problem with manufacturing the larger screens due to higher failure rates. We heard this through the channel. On the other hand, we know that Samsung has consistently mislead and lied about what their actual sales results were. We also have seen the numbers coming out of China showing Apple's explosive growth, and Samsung's falling numbers. This is not a supply issue, but one of consumer's finally having a better choice in buying the larger format phone, a format they prefer. Apple is taking share from them. Plain and simple.
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  • Reply 32 of 67
    ksrkksrk Posts: 4member

    NEXT IS NOW or NOW IS NEXT or whatever. pick what suits you.

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  • Reply 33 of 67
    zoetmbzoetmb Posts: 2,657member
    Quote:

    Originally Posted by sog35 View Post

     

     

    WRONG.  This is not a legit obseravation.  Its an excuse for poor sales.  Apple also had shortages of 6+ at launch.  But unlike Samsung their revenue was up 35% instead of down 8%.  In fact EVERY new product launch either has shortages or overages.  It is impossible to predict demand exactly.

     

    This is just excuse making.  Bottom line is the Galaxy S6 has been an utter failure.




    Apples and oranges.   Samsung is a diverse company with many product lines.   You don't know where the losses are because they don't break out the separate businesses.   It could have been TVs, it could have been major appliances (ranges, refrigerators).    The losses simply could have been because of the rising US dollar.    

     

    The fact is that while declining profits are certainly a bad thing, they're still making $6 billion a quarter in operating profit.    

     

    It's easy to hate Samsung because of their arrogant approach to copying Apple's IP, but this attempt to criticize everything they do and make it a disaster is just fanboy immaturity.   

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  • Reply 34 of 67
    Quote:

    Originally Posted by zoetmb View Post

     



    Apples and oranges.   Samsung is a diverse company with many product lines.   You don't know where the losses are because they don't break out the separate businesses.   It could have been TVs, it could have been major appliances (ranges, refrigerators).    The losses simply could have been because of the rising US dollar.    

      


     

    Say what? They do break out their divisions, and the Mobile division is the one that's seen the biggest drops in revenues and profits for several quarters now.

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  • Reply 35 of 67
    MacPromacpro Posts: 19,873member
    gatorguy wrote: »
    Samsung is not seeing the same successes they did a couple years ago. Part of it could be due to the well-deserved negative PR they've attracted with their IMHO sometimes shady business style. Some too can probably be blamed on better devices from competitors too. Sammy is no longer the only Android licensee with premium handsets.

    "Android licensee with premium handsets." That's an oxymoronic statement if ever I heard one! :D
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  • Reply 36 of 67
    MacPromacpro Posts: 19,873member
    Agreed. Just to clarify, he's solely a Google apologist. ;-)

    Yes, I guess that's true, his strong defense of Samsung was always Android related, he'd probably sell Samsung down the river if any other company actually started making a profit using Android OS.
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  • Reply 37 of 67
    anantksundaramanantksundaram Posts: 20,419member
    Quote:

    Originally Posted by zoetmb View Post

     

    It's easy to hate Samsung because of their arrogant approach to copying Apple's IP...  


    Ah, got it. If they took a less arrogant approach to copying Apple's IP, it would be less easy to hate Samsung.

     

    Thanks for the laugh! <img class=" src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />

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  • Reply 38 of 67
    gatorguygatorguy Posts: 24,770member
    Agreed. Just to clarify, he's solely a Google apologist. ;-)
    That's closer to the truth. I don't personally believe Google is as "evil" as some here like to make believe they are, ( for the most part simply because those folks think they compete with Apple IMO) but at the same time their hats might not be as white as I sometimes perceive them to be.

    As for Samsung I've never been much of a supporter of theirs, feeling they'll eventually get what they deserve.
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  • Reply 39 of 67
    Quote:

    Originally Posted by zoetmb View Post

     

    It's easy to hate Samsung because of their arrogant approach to copying Apple's IP, ...


     

    It's not just Apple's IP. As a fast follower, they steal any market leaders IP. Ask Blackberry, Dyson, etc. They're not a true leader, they just want to quickly follow the real leaders and make as much profit as they can.

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  • Reply 40 of 67
    wood1208wood1208 Posts: 2,952member
    When Apple launched iPhone 6 and 6 plus, it was uncharted territory where Apple never before launched large screen iphones. In Samsung case, both Galaxy S6 are identical in size and internals other than curved screen so must not have been that difficult to adjust ratio of production fast. May be the demand of galaxy s6/edge started faltering after initial launch weeks.
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