Samsung has
warned it is highly likely to miss expectations in its upcoming quarterly financial report, expected to be issued towards the end of this month. The South Korean electronics giant is expecting to report that its consolidated operating profit for the quarter will be down four percent compared to the same quarter, bringing it down to 6.9 trillion won ($6.1 billion), and continuing a trend of bad luck for the manufacturer.
Despite the year-on-year fall, Samsung claims it is the best profit in four quarters,
reports Reuters, but it is also the seventh straight period of annual decline. Samsung anticipates that its consolidated sales for the quarter will be approximately 48 trillion won ($42.25 billion), which itself is an 8.3 percent drop year-on-year.
Samsung Galaxy S6, S6 Edge
According to a survey of 39 analysts by Thomson Reuters, the expected profit for the period was 7.2 trillion won ($6.3 billion), while revenue was believed to reach 53.4 trillion won ($4.7 billion) in the same quarter.
While Samsung is saving the main details for why the figures are down for the main quarterly report, a source of the
Wall Street Journal claims the Galaxy S6 is part of the cause for the underwhelming figures. It is suggested Samsung expected the standard S6 to sell four times as many units as the Edge version, and produced based on that assumption. The demand for each is apparently much closer than Samsung thought , and that caused stock issues for the Edge edition.
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