Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
SAMSUNG SAID NET profit plunged almost 20% in the second quarter as competition from cheap Chinese phones and the strong won saw sales slump in its key mobile business.
The South Korean electronics giant said net profit came in at 6.25 trillion won (€4.5 billion), down 19.6% in the first on-year decline for nearly three years.
Operating profit stood at 7.19 trillion won, down 24.6% from a year ago, while sales tumbled 8.9% to 52.35 trillion won.
“The second quarter was affected by several factors including the slow global sales of smartphones and tablets and escalating marketing expenditure to reduce inventory,” the company said in its earnings report.
“The appreciation of the Korean currency also chipped away at this quarter’s operating profits, which amounted to about 500 billion won in missed revenues prompted by the foreign exchange market,” it said. The firm added that the second half of 2014 would “remain a challenge”.
The won is currently running at six-year highs against the dollar, hitting South Korea’s export-driven economy.
Cautious optimism
Thursday’s figures were in line with earnings estimates released earlier this month, when Samsung also issued an explanatory note attributing the profit decline to increased competition from cheap Chinese devices.
Samsung had expressed cautious optimism about a more positive third quarter with the release of its new smartphone lineup, and a much lower marketing spend compared with the second quarter.
But while the company is expected to roll out a new version of its popular oversized Galaxy Note smartphone, the next quarter will also see the expected launch of the iPhone 6 by main high-end rival Apple.
Alarm bells have been sounding for a while over Samsung’s reliance on smartphone sales in mature markets such as Europe and the US.
Efforts to expand sales in emerging markets, most notably China, have stumbled over the growing challenge posed by smaller rivals producing cheaper handsets.
Kim Hyun-Joon, senior vice president of Samsung’s mobile unit, vowed to “act more aggressively” in China by rolling out more mid- and low-end phones.
“There are concerns about profit margins being squeezed in a short term… but growth of the low- and mid-end market is a global trend,” Kim said in a conference call.
“We will respond more aggressively to meet demand in the Chinese market… in the latter half of this year by introducing more products with better specification as well as better price competitiveness,” he said.
But he added that concessions on price would probably prevent and improvement in mobile unit profits in the third quarter.
Samsung’s share price took a beating on the earnings news, closing 3.73% lower on Seoul’s main stock exchange.
‘Smartphone heyday over’
The world’s largest smartphone maker has a diverse product line ranging from memory chips to home appliances, but more than half of its profits are generated by mobile devices.
Second quarter sales of its mobile unit fell 20% on-year to 28.45 trillion won, while operating profit slid nearly 30% to 4.42 trillion won.
“You can say Samsung’s smartphone heyday is now over,” said Greg Roh, a Seoul-based analyst at HMC Investment Securities.
“Given that companies are now competing over price rather than hardware specification, the key challenge will be how to minimise the pace of profit decline,” he said.
The consumer electronics unit – selling products from TVs to refrigerators – saw operating profit surge 80% on-year to 770 billion won, but not enough to offset the decline in the mobile business.
April saw the global roll-out of the latest version of Samsung’s flagship Galaxy series smartphone, the Galaxy S5, which came with a free premium software bundle valued at more than $500 as the firm sought to pull in buyers tempted by cheaper models from Chinese rivals like Lenovo and Huawei.
Initial sales of the S5 were positive, although critics said it offered little in the way of real innovation to set it apart.
There is a general consensus that smartphone evolution has hit a barrier that will only allow incremental improvements on existing design and technology, rather than market-changing reinvention.
According to International Data Corp., a record-high 295.3 million smartphones were shipped worldwide in the second quarter.
Huawei nearly doubled its shipments from the same quarter a year ago, while Lenovo also weighed in with strong performance, IDC figures indicated.
Samsung remained the world’s top vendor with 74 million handsets shipped, but saw its overall market share slip seven percentage points to 25.2%.
To embed this post, copy the code below on your site
Sounds good but how many are just annual overdraft renewals?
Yes…you’re right…overdraft renewals and in a lot of cases overdrafts being transformed into loans. Banks are still keeping the screws on where small shops and service sector business is concerned.
I think the important question is “how sustainable is the business?” It’s all about context. Simply referring to SMEs as some sort of a business description is nonsensical: SMEs range from a one-horse shop selling Hunter wellies in Finglas, to a EUR 50m turnover company with 249 employees supplying medical medical devices to Boston Scientific. One’s a really good bet, the other better be really good…
APPLY FOR A 3% LOAN.
Do you need easy qualifying Business or personal loans from $5,000-$10,000,000 Bad credit or Good credit, makes no difference with us.3% of applications are approved within 48Hours. To apply, get in touch with us, contact us via below details.
Regards.
Financial Trust FCU
33633 Harlem Road, Cheektowaga, AK 14225
Tel: 501-429-4519
FAX: 501 831-0669
EMAIL: info.tfcu2@gmail.com
Email: loans.tfcu2016@yahoo.com
An approved loan does not mean a lot, just better statistics to keep the Government off their backs
I sincerely doubt they’re approving that much. They told us we could have some investment money if we already had the money to begin with. They wouldn’t accept property as collateral :)
Good to hear that those of you signing up to Bank Of Ireland online banking be very careful .We are long standing Bank of Ireland online customers last wednesday our on line banking was hacked .We are still waiting for bank of Ireland to respond to this urgent matter.We are a small company.
Their loan restructures also involve drawing down a new loan and a positive lending statistic for them.
Also , we recently applied for an increase in our business overdraft limit with BOI as currently it is only 30% of monthly turnover and in our contracting business is limiting any chance of real growth. No problem we were told!
Just secure the increased limit with an equivalent amount locked into a holding account. When I made the point that we didnt have those funds I was offered a seperate business loan to draw down the security for the overdraft.
BOI would get positive lending statistics for the overdraft increase and for the loan to secure that overdraft increase. They would also get the interest on the overdraft as well as the loan. I declined naturally and have to shelve plans to increase sales. The work is available but we dont have the credit to do it… great little country to di business in.
From first hand experience with bank of Ireland they have gone completely impersonal so it’s easier to say no. They are doing there damnedest to find reasons to say no
How many are Irish water contractors?
SHOW ME THE MONEY !
my name is Doreen Williams
I posted a question on how i need a loan someone advised me to contact Mr John Emmanuel FINANCE,i was scared at first but i decided to give them a try to my greatest surprise my loan was approved and granted without any form of credit check,no collateral,no cosigner and with just 2% interest rate so i will advise everyone out there that is in need of a loan to contact them via email at. johnemmanuelloanfirm@gmail.com
My name is Mr Paul Glenn .I live in New York USA and i am a very happy man today? I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them.They gave me and my family happiness, i was in need of a loan of $150,000.00 to start my life all over as a widowed with 2kids I meant this honest and GOD fearing loan lending company online that helped me with a loan of $150,000.00 U.S. Dollar, They are indeed GOD fearing People, A reputable loan company.
I am very happy i got my loan from them last week. If you are in need of loan and you are 100% sure to pay back the loan please contact them and please tell them that Mr Paul Glenn directed you to them. contact via E_mail: marysmartservice@yahoo.com
Mr Paul Glenn
Testimony on how i got my loan
DO YOU NEED A LOAN TO START A BEFITTING NEW YEAR!!!!!!
Are you a business man or woman? Are you in any financial stress? Or do you
need money to start your own business?
Do you have a low credit score, and you will find it difficult to get loans
from local banks and other financial institutions? solution to your
financial problem is Dr. Carson Grant The Terms and Conditions are very simple
and considerate.You will never regret any thing in this loan transaction because i will
make you smile through out this transaction, because you where not born to be a loser
Email (carsongrantloanhome@gmail.com)
Our services include the following:
* Personal Loans
* Debt consolidation loans
* Possibility
* Business Loans
* Education Loans
* Mortgage
* Home Loans
We offer loans at 2% interest rate
We offer loans to people in need of financial assistant with a low interest
rate of 2%. In order to get a loan with this company, you can tell the exact amount of
loan you need and the time in which you can pay back the loan.
NOTE: You are required to email us on:(carsongrantloanhome@gmail.com)
I’m Sophie David by name. I live in Netherlands, i want to use this medium to alert all loan seekers to be very careful because there are scammers everywhere.Few months ago I was financially strained, and due to my desperation I was scammed by several online lenders. I had almost lost hope until a friend of mine referred me to a very reliable lender called Mrs Mary Clark who lend me an unsecured loan of € 150,000 under 2hours without any stress. If you are in need of any kind of loan just contact him now via:maryclarkservice1@yandex.com I‘m using this medium to alert all loan seekers because of the hell I passed through in the hands of those fraudulent lenders. And I don’t wish even my enemy to pass through such hell that I passed through in the hands of those fraudulent online lenders,i will also want you to help me pass this information to others who are also in need of a loan once you have also receive your loan from Mrs Mary Clark i pray that God should give her long life.
God bless him forever
Sophie David
Testimony on how i got my loan
I’m Helen Donnell by name. I live in United state of America,i want to use this medium to alert all loan seekers to be very careful because there
are scammed everywhere.Few weeks ago I was financially strained, and due to my desperation I was scammed by several online lenders. I
had almost lost hope until a friend of mine referred me to a very reliable lender called Mr John Hawkins who lend me an unsecured loan of
$40,000 under 12 hours without any stress. If you are in need of any kind of loan just contact him now via johnhawkinsloanfirm@yahoo.com
I‘m using this medium to alert all loan seekers because of the hell I passed through in the hands of those fraudulent lenders. And I don’t wish
even my enemy to pass through such hell that I passed through in the hands of those fraudulent online lenders,i will also want you to help me
pass this information to others who are also in need of a loan once you have also receive your loan from Mr John Hawkins ,i pray that God
should give him long live to help the world. God bless him forever.
Good day
Do you need a personal loan ,home loan or business loan at 3% interest rate per year? If interested Reply back with the below details…
Loan Amount Needed :
Country :
Address :
Phone Number :
Gender :
Age :
Loan Duration :
For more information send replies to the following E-mail address: danielsilva59491@gmail.com
DO YOU NEED A LOAN TO START A BEFITTING NEW YEAR!!!!!!
Do you seek funds to pay off credits and debts? Do you find yourself in a bit of trouble with unpaid bills and don’t know which way to go or where to turn? What about finding a reputable Debt Consolidation firm that can assist you in reducing monthly installment so that you will have affordable repayment options as well as room to breathe when it comes to the end of the month and bills need to get paid? Dr. Ezra Sebastian Loan Home is the answer. Reduce your payments to ease the strain on your monthly expenses. Email (ezrasebastianloans@gmail.com)
DO YOU NEED 100% FINANCE? we give out loans with an affordable interest rate of 2%
EZRA SEBASTIAN LOAN HOME, (ezrasebastianloans@gmail.com) aims is to provide Excellent Professional Financial Services.
Please, contact us for more information: (ezrasebastianloans@gmail.com)
Our services include the following:
* Personal Loans
* Debt consolidation loans
* Car Loans
* Business Loans
* Education Loans
* Mortgage
*Refinancing Loans
* Home Loans
We give you loan with a low interest rate of 2% and loan duration of 1 to 30 years to pay back the loan (secure and unsecured). Do not keep your financial problems to yourself in order for you not to be debt master or financial stress up, which is why you must contact us quickly for a solution to your financial problems. It will be a great joy to us when you are financially stable. Email (ezrasebastianloans@gmail.com)
NOTE:Bear in mind that it will only take less than 48 Hours to process your file is 100% Guaranteed no matter your Credit Score.
Yours Sincerely,
Dr. Ezra Sebastian
We look forward to hear from you ASAP
Good day everybody am Craig Wise By name am from the United State Of America i want to give thanks and a great appreciation to Mr Larry Scott Loan Company for offering me loan for purchasing my house with a low interest rate. I want to give thanks to him for giving me this loan. My friends out there who needs loan for different purposes i advice you contact Mr Larry Scott Loan Company for loan instead of falling in to hands of Scammers online. Am happy today because of Mr Larry Scott Loan Company. So if you want to contact them for a loan you contact them on: (scottlarry918@gmail.com)
Craig Wilson
Hello everyone am here to testify how i got my loan from Mr. George
Honer after i applied several times from various loan lenders who
claimed to also testify right in this forum,i thought the testimonies
where real and i applied but they never gave me loan. I was in need of
an urgent loan to start a business and i applied from various loan
lenders who promised to help but they never gave me the loan. Until a
friend of mine introduce me to Mr. George Honer who promised to help
me and indeed he did as he promised without any form of delay .I never
thought there are still reliable loan lenders until i met Mr. George
Honer,who are indeed helped with the loan and changed my belief. I
don’t know if you are in any way in need of a genuine and urgent
loan,free feel to contact Mr. George Honer via his
email{angelfundings@gmail.com}
Tell:+1 (951) 356-1777
Thanks,
George Honer
WE OFFER ALL KIND OF LOANS – APPLY FOR AFFORDABLE LOANS.
Dr. Ezra Sebastian Loan Company is a well established finance company who are committed to providing our customers and suppliers with simple and competitive forms of finance solutions for all business users. An independent finance house and brokerage specializing in vendor finance schemes.
As a company we have a wealth of experience in the market, predominantly offering leasing solutions to businesses looking to finance all types of equipment. . Our dynamic approach in the market has led us to significantly develop our range of products and services in order to help commercial customers with all finance requirements Reduce your
payments to ease the strain on your monthly expenses.
we give out loan with an affordable interest rate of 2% Do
you have a low credit score, and you will find it difficult to get loans
from local banks and other financial institutions? solution to your
financial problem is Dr. Ezra Sebastian The Terms and Conditions are very simple
and considerate
DO YOU NEED 100% FINANCE?
EZRA SEBASTIAN LOAN HOME, (ezrasebastianloans@gmail.com) aims is to provide Excellent Professional Financial Services.
Please, contact us for more information: (ezrasebastianloans@gmail.com)
Our services include the following:
* Personal Loans
* Debt consolidation loans
* Possibility
* Business Loans
* Education Loans
* Mortgage
*Refinancing Loans
* Home Loans
NOTE:Bear in mind that it will only take less than 48 Hours to process your file is 100% Guaranteed no matter your Credit Score.
Yours Sincerely,
Dr. Ezra Sebastian
We look forward to hear from you ASAP
Here comes an Affordable loan that will change your life for ever, I am Dr.Hawkins Robert a certified loan lender, I offer loan to individual and public sector that are in need of financial Assistance in a low interest rate of 2%. Bad credit acceptable,The Terms and Conditions are very simple and considerate.You will never regret anything in this loan transaction because i will make you smile. Our company has recorded a lot of breakthroughs in the provision of first class financial services to our clients, especially in the area of Loan syndication and capital provision for individuals and companies.
We have brought ailing industries back to life and we back good business ideas by providing funds for their up start. We have a network of Investors that are willing to provide funds of whatever amount to individuals and organizations to start business and operations.i want you to understand the fact that i Dr.Hawkins Robert is out to help the less financial privilege get back on track by providing all type of loans to them (E.G) mortgages, home loans business loans and bad credit loans commercial loans, start-up- working capital loans, construction loans ,car loans, hotel loans,and student loans, personal loans, Debts Consolidation Loans, what are you waiting for asap why don’t you try Dr.Hawkins Robert Loan home and be free from debts any interested client should contact me asap (dr.hawkinsrobert342@gmail.com)
Regards,
Dr. Hawkins Robert.
DO YOU NEED A LOAN TO START A BEFITTING NEW YEAR!!!!!!
Are you a business man or woman? Are you in any financial stress? Or do you
need money to start your own business? we offer financial freedom to serious
clients our mission is to help the less financial privileges get back on track
Our program is the quickest way to get what you need in a snap. Reduce your
payments to ease the strain on your monthly expenses. Gain flexibility with which
you can use for any purpose – from vacations, to education, to unique purchases
Do you have a low credit score, and you will find it difficult to get loans
from local banks and other financial institutions? solution to your
financial problem is Dr. Carson Grant The Terms and Conditions are very simple
and considerate.You will never regret any thing in this loan transaction because i will
make you smile through out this transaction, because you where not born to be a loser
Email (carsongrantloanhome@gmail.com) Website: http://easyloansint.com
Our services include the following:
* Personal Loans
* Debt consolidation loans
* Possibility
* Business Loans
* Education Loans
* Mortgage
*Refinancing Loans
* Home Loans
We offer loans at 2% interest rate
We offer loans to people in need of financial assistant with a low interest
rate of 2%. In order to get a loan with this company, you can tell the exact amount of
loan you need and the time in which you can pay back the loan.
NOTE: You are required to email us on:(carsongrantloanhome@gmail.com) Website: http://easyloansint.com
DO YOU NEED A LOAN TO START A BEFITTING NEW YEAR!!!!!!
Are you a business man or woman? Are you in any financial stress? Or do you
need money to start your own business? we offer financial freedom to serious
clients our mission is to help the less financial privileges get back on track
Do you have a low credit score, and you will find it difficult to get loans
from local banks and other financial institutions? solution to your
financial problem is Dr. Carson Grant The Terms and Conditions are very simple
and considerate.You will never regret any thing in this loan transaction because i will
make you smile through out this transaction, because you where not born to be a loser
Email (carsongrantloanhome@gmail.com)
Our services include the following:
* Personal Loans
* Debt consolidation loans
* Possibility
* Business Loans
* Education Loans
* Mortgage
*Refinancing Loans
* Home Loans
*Secure Loans
*Unsecured Loans
*Development Loans.
*Acquisition Loans.
*Blacklisted Loan.
*Construction loans.
We offer loans at 2% interest rate
We offer loans to people in need of financial assistant with a low interest
rate of 2%. In order to get a loan with this company, you can tell the exact amount of
loan you need and the time in which you can pay back the loan.
NOTE: You are required to email us on:(carsongrantloanhome@gmail.com)
Hello.
Greetings, i’m Hogg Geoffrey Graham from LA, I am very happy to receive a loan from the European part of the world, they gave me a loan to settle my hospital bills, They saved me from loosing my house. this message might be of help to you guys that also need a loan in other not to go the wrong side in your search you have to contact this company Michael Clinton Loans. Via E_mail: michaelclinton273@gmail.com
Regards.
Are you in financial need?we offer all kind. we offer the best at a low interest rate, search no further, Contact us now :email:
EMAIL: chongieloans@aol.co.uk
WEB SITE: http://www.chongieloans.webs.com
Best Regards
Chongie B.l.A
Chongie Financing Plc.
Good day,
You are welcome to the Believers Investment Achievement. This
loan agency is owned by the Christian Church Organization and is set
to help the needy so that poverty and suffering can be definitively
eradicated from the world. We are registered and regulated by the
Authority of borrowing money and all our financial transactions are
overseen by the government.
We offer both personal and business loans capital base between
the amounts of $ 2,000.00 to $ 500,000,000.00 US dollars, European
Euro or GB pounds for individuals, businesses and cooperate bodies
irrespective of their marital status, sex, religion and the location,
but you have a legal means to repay the loan in the stipulated time,
and must be trustworthy with interest rates as low as 3%.
If this meets your expectations, then we can move on, I’d like
you to tell the exact amount you are applying for such loan and the
urgency of this transaction for additional procedures that you need to
fill and submit the required information below:
DETAILS OF APPLICANT:
Name of applicant:
* Address of applicant:
* City:
* State:
* Country:
* Gender:
* Marital status:
* Age:
* Rate Monthly income:
* Occupation:
* Tel: / Mobile:
* Mobile:
* Amount Requested:
* Length of Loan:
* Purpose of loan:
* Do you speak English:
* Email:
We await your response.
Yours sincerely,
Miss. Angela
Secretary
Do you need an urgent loan we offer worldwide loan to who in need of loan the business opportunity you having being looking for is here again. email osmanloanserves@gmail.com
LOAN APPLICATION FORM
1) Full Name:
2) Gender:
3) Loan Amount Needed:.
4) Loan Duration:
5) Country:
6) Home Address:
7) Mobile Number:
8)Monthly Income:
9)Occupation:
)Which did you here about us.
Email osmanloanserves@gmail.com
We give out individual loans and public loans, such as company loans, commercial loans, investment loans, and many more. With short and long term services schedule and also with an affordable interest rate of 3% only. For more information about our genuine services, kindly contact us via email collinsfinanceoffer@gmail.com
LOAN APPLICATION FORM
Full Name:
Amount Needed:
Duration of Loan:
Purpose of Loan:
Contact number:
Country:
State:
Sex:
Regards
Email: collinsfinanceoffer@gmail.com
We represent a Funding Source that shares the desire to engage in the high-risk, high-return potential business of “investment financing . Universal Loans is making large ring around the globe with the online finance, we provide capital to entrepreneurial companies and serious individuals who seek to make investments in the area of infrastructure and construction development such as Personal Loan, Business Loan, Mortgage Loan, House Loan, or any kinds of loan required. We grant personal and Mortgage loan our interest rate is affordable at the rate of 2%. Our career has been built around leading and developing investments and projects, from ideal to successful launch and target driven performances. I urge you to come up with the detailed plan of any loan you would want us to finance. Email us for more info: Universalfinancial_homeloans@fastservice.com
Attention !!! Loan Offer
i am Mr Ramzan a private loan lender. we are given out all kinds of loan, we give out loans at a low interest rate of 3% and good working conditions, if you need a loan for business or to pay off your bills then you are advised to contact us for we render quality services that will make you satisfied. email: ramzan_help@hotmail.com
LOAN SERVICES AVAILABLE INCLUDE:
================================
*Commercial Loans.
*Personal Loans.
*Business Loans.
*Investments Loans.
*Development Loans.
*Acquisition Loans .
*Construction loans.
*Business Loans And many More:
Attention!!!
Do you have a bad credit?
Do you need money to pay bills?
Do you need to start up a new business?
Do you have unfinished project at hand due to bad financing?
Do you need money to invest in some area of specialization which will profit you? and you don’t know what to do.
we render all kinds of loan in good services, contact us via email: ramzan_help@hotmail.com
Thanks
Mr Ramzan
I’m Jennifer Raff by name. I live in USA, i want to use this medium to alert all loan seekers to be very careful because there are scammers everywhere.Few months ago I was financially strained, and due to my desperation I was scammed by several online lenders. I had almost lost hope until a friend of mine referred me to a very reliable lender called Mr.Larry Scott who lend me an unsecured loan of $85,000 under 2hours without any stress. If you are in need of any kind of loan just contact him now via: scottlarry918@gmail.com I‘m using this medium to alert all loan seekers because of the hell I passed through in the hands of those fraudulent lenders. And I don’t wish even my enemy to pass through such hell that I passed through in the hands of those fraudulent online lenders,i will also want you to help me pass this information to others who are also in need of a loan once you have also receive your loan from Mr.Larry Scott i pray that God should give him long life.
God bless him forever.
Jennifer Raff
have your say