• Samsung Indirectly Blames Apple for Earnings Disappointment

    by
    Michael Essany
    Published on 2014-07-31 04:59 PM
    14 Comments Comments


    When all else fails, point fingers. That's the assessment some of Samsung's critics are making today after the South Korean tech giant announced disappointing earnings for the second quarter of 2014.

    After watching Samsung miss Wall Street's expectations, investor's quickly sold Samsung's stock so aggressively that they effectively deleted $7.5 billion from the tech giant's market capitalization.

    The world's biggest mobile-phone maker by shipments said net profit fell 20% to 6.25 trillion won ($6.1 billion) from 7.77 trillion won a year earlier. Revenue fell 8.9% to 52.35 trillion won. The last time the company recorded a net-profit drop on a year-over-year basis was for the third quarter of 2011.
    Officials at Samsung are all sounding the same trumpet in response to the disappointing news -- intense competition is the reason for the present struggle, they say. In other words, "Apple continues to erode our global market share" is what they're actually trying to say using different words. Certainly, other competitors exist and are growing, but none faster than Apple based on the latest industry data.

    According to the Wall Street Journal, Samsung plans to answer the earnings dip by rolling out cutting-edge new smartphones in the near future that should help the company regain some lost momentum.

    Source: WSJ
    This article was originally published in forum thread: Samsung Indirectly Blames Apple for Earnings Disappointment started by Michael Essany View original post
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    2. Apple
    Comments 14 Comments
    1. tridley68's Avatar
      tridley68 - 2014-07-31, 05:45 PM
      Good News that is what should happen to companies that steal from other companies.

      Samsung plans to answer the earnings dip by rolling out cutting-edge new smartphones in the near future that should help the company regain some lost momentum. HAHA that is a funny statement Samsunk cutting edge.
    1. Raptor2213's Avatar
      Raptor2213 - 2014-07-31, 06:25 PM
      Good riddance. I'll never buy Samsung any more after they thought it was a good idea to mud-sling other companies products to promote their own. That's just bad business.
    1. Norb's Avatar
      Norb - 2014-07-31, 06:42 PM
      Funny, because Samsung's success could be directly blamed on Apple.
    1. uri8472's Avatar
      uri8472 - 2014-07-31, 07:20 PM
      Quote Originally Posted by tridley68 View Post
      Good News that is what should happen to companies that steal from other companies.
      But it's perfectly fine for Apple to do the exact same thing and flourish in your mind? This is double standards at it's purist; two entities do the exact same thing, one demonized for it while the other is praised. WTF?
    1. Bo's Avatar
      Bo - 2014-07-31, 07:32 PM
    1. uri8472's Avatar
      uri8472 - 2014-07-31, 07:43 PM
      @blkcadi: Who was that intended for?
    1. Bo's Avatar
      Bo - 2014-07-31, 08:30 PM
      ^Samsung, lol
    1. Christophxr's Avatar
      Christophxr - 2014-07-31, 10:12 PM
      Quote Originally Posted by Norb View Post
      Funny, because Samsung's success could be directly blamed on Apple.
      This.

      Apple giveth to Samsung, and Apple taketh away.
    1. nakedcrook's Avatar
      nakedcrook - 2014-08-01, 02:26 PM
      "In other words, "Apple continues to erode our global market share" is what they're actually trying to say using different words."

      That is speculation, opinion, and disingenuous. There is no proof to this claim what-so-ever. Like it or not, there is no way you can say that Samsung is secretly saying Apple is to blame for their recent troubles. If anything, it would be other Android OEMs, such as LG (the biggest one thus far) which has put a dent in Samsung's profits.

      Crapple fans must be really grasping at straws when you have to resort to tabloid journalism to put words in your competitor's mouth.

      There are many more real-world examples, which can be supported by data, fact, and user feedback, that have contributed to Samsung's recent dip. At the very most, Apple played a marginal role in the recent dip...but they were not the single cause or the greatest cause.
    1. Norb's Avatar
      Norb - 2014-08-01, 06:08 PM
      Quote Originally Posted by nakedcrook View Post
      "In other words, "Apple continues to erode our global market share" is what they're actually trying to say using different words."

      That is speculation, opinion, and disingenuous. There is no proof to this claim what-so-ever. Like it or not, there is no way you can say that Samsung is secretly saying Apple is to blame for their recent troubles. If anything, it would be other Android OEMs, such as LG (the biggest one thus far) which has put a dent in Samsung's profits.

      Crapple fans must be really grasping at straws when you have to resort to tabloid journalism to put words in your competitor's mouth.

      There are many more real-world examples, which can be supported by data, fact, and user feedback, that have contributed to Samsung's recent dip. At the very most, Apple played a marginal role in the recent dip...but they were not the single cause or the greatest cause.
      Did you miss this part?
      "...other competitors exist and are growing, but none faster than Apple based on the latest industry data."
    1. uri8472's Avatar
      uri8472 - 2014-08-01, 06:28 PM
      Quote Originally Posted by Norb View Post
      Did you miss this part?
      "...other competitors exist and are growing, but none faster than Apple based on the latest industry data."
      Did you even read that entire paragraph. That wasn't a quote from Samsung, but rather the words written by the author of the article itself. Secondly, that statement isn't even casting blame but just a statement saying that Apple has been growing faster, so you have no point what so ever either way.
    1. Norb's Avatar
      Norb - 2014-08-01, 06:56 PM
      Quote Originally Posted by uri8472 View Post
      Did you even read that entire paragraph. That wasn't a quote from Samsung, but rather the words written by the author of the article itself. Secondly, that statement isn't even casting blame but just a statement saying that Apple has been growing faster, so you have no point what so ever either way.
      It's quite relevant... They said "intense competition is the reason for the present struggle" and according to industry data Apple is the biggest one. It's pretty obvious too, I know a lot of people who went onto the Samsung fad from Apple for a while and most are now on their way back to Apple.
    1. uri8472's Avatar
      uri8472 - 2014-08-02, 05:32 PM
      Quote Originally Posted by Norb View Post
      It's quite relevant... They said "intense competition is the reason for the present struggle"
      No, those were once again the words of the article author. That wasn't even in quotes. If you're going to try to make this argument, at least try to find an actual quotation from Samsung saying something to that affect.

      and according to industry data Apple is the biggest one.
      That doesn't prove that they are blaming Apple. Again, please try to find an actual quote that came from Samsung instead of what someone else entirely wrote.
    1. Norb's Avatar
      Norb - 2014-08-02, 06:43 PM
      You may be right but Apple's performance is improving while Samsung is starting to fall and i really don't care enough to do the research. All is well again. I have no respect for a Company like samsung, no originality at all. Hope they keep losing market share. Have a good weekend!

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