Samsung had the most popular phones on the market. Their latest Galaxy S4 was the fastest selling Android phone of all time, but apparently that is not enough to keep their stock price up. Analysts were expecting Samsung to sell more than the 40 million S4's they sold in six months. The company released unaudited results for the latest holiday quarter and profits were down 18% over the previous year. What happened?
According to CNNMoney’s Adrian Covert, Samsung is failing because they have the wrong strategy. He says the Galaxy S4 was a "disappointment in every regard." Design, specs, and sales were all disappointing to Mr. Covert.
Samsung has been developing its own operating system. Will that be enough to revive analysts belief in the company?
According to CNNMoney’s Adrian Covert, Samsung is failing because they have the wrong strategy. He says the Galaxy S4 was a "disappointment in every regard." Design, specs, and sales were all disappointing to Mr. Covert.
“Every other smartphone maker, meanwhile, was able to produce a phone that was just as fast, powerful, and capable as Samsung’s top smartphone — with a higher quality design and better system software,” Covert wrote. “Suddenly, there was very little to distinguish Samsung from the pack.”
Samsung has been developing its own operating system. Will that be enough to revive analysts belief in the company?