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posted by takyon on Friday July 31 2015, @07:46AM   Printer-friendly
from the mobile-and-on-the-edge dept.

It seems that demand for the Galaxy S6 is not quite what Samsung expected after all.

In announcing its most recent quarterly earnings Wednesday, the Korean electronics giant warned that its handset division would likely face a difficult market environment and said it would be "adjusting" the price of its flagship Galaxy S6 and S6 Edge to "maintain" its sales momentum. The company also said it would release new high-end smartphones as well as middle- and low-end models.

The company declined to describe what the adjustment entails, but a person familiar with the company's plans said a price cut is planned for the smartphones. The news came as the company announced that its second-quarter sales in its IT and mobile division fell 8.4 percent, to 26.06 trillion won ($22 billion), with mobile in particular dropping 7.3 percent, to 25.5 trillion won.

Once the world's largest smartphone maker, Samsung has seen its fortunes dwindle as consumers opt for devices from its rivals, such as Apple. Formerly accounting for two-thirds of Samsung's operating profit, smartphone shipments have been providing a smaller part of company's profit in recent quarters, squeezed in emerging markets by low-cost handset vendors such as Xiaomi and Huawei.

Oh look, another competitor.


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  • (Score: 2) by Dr Spin on Friday July 31 2015, @10:12PM

    by Dr Spin (5239) on Friday July 31 2015, @10:12PM (#216550)

    As another proud S3 owner (Cyanogen modded), due for an upgrade, I too am busy not considering an upgrade to the S6.
    My wife also has an S3, and we have a stack of ready charged S3 batteries in a draw available for use at a moment's notice.

    Yes, as a matter of fact we do go to 3rd world countries where the electricity often does not work for days, and yes, our son does
    have a iPhone, and yes, his damn battery is often flat for days on end. "But it just works" -

    well, as they used to say "it all depends what you mean by work".

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