Samsung's Profits Dropped 60 Percent Last Quarter As Marketing Costs Increased

[Guest]

Samsung's profits saw a drastic 60 percent decline in the last quarter. The company's revenues also saw a 20 percent decline year over year.

Samsung's Profits Dropped 60 Percent Last Quarter As Marketing Costs Increased : Read more

 

[everlast66]

Perhaps anti-apple advertisng didn't workas expected ...

 

[TNel]

Wow what will they ever do with $3.8 Billion in profit?! They are basically going out of business.

 

[InvalidError]

Looks like the race to the bottom shifted to second gear - marketing fluff and incremental upgrades are no longer sufficient to maintain sales against cheaper alternatives.

 

[icemunk]

Wake me up when you can tell me about an American company that is building a $15 billion dollar chip-fab facility in the USA, that will employ 150,000 people... Samsung is (in South Korea). Profit is gravy. Jobs are the real king-makers.

 

[JeanLuc]

IMO Samsung's flagship Galaxy phone has lost a lot of it's appeal it's sold at premium prices but it doesn't feel or look like a premium phone anymore. Competitors have caught up releasing smiler looking phones at lower prices and HTC's One M-8 is leaps and bounds ahead of the Galaxy in-terms of build quality and has a look that could certain justify a premium price tag.

 

[atintop]

Samsung can no longer rely on these high-end phones like the galaxy note 3 galaxy note 4 and galaxy s5, they have to focus in the mid range and low range