Samsung stops reporting phone sales data as profit slides 18 percent

samsung stops reporting phone sales data profit slides 18 percent


“samsung electronics co. on friday said stop disclosing sales figures , forecasts mobile phones , tablet computers, step attributed business risks , analysts said due continuing legal battle apple inc.,” evan ramstad reports wall street journal.
“when company released second-quarter results friday, cellphone data missing. , in conference call analysts, executives announced “new information policy” reveal less data cellphones , tablet computers,” ramstad reports. “‘as competition intensifies, there increased risks information provide may adversely affect our own businesses,’ robert yi, samsung’s chief of investor relations, said on call. declined request further explanation.”

ramstad reports, “apple sued samsung in april, alleging samsung copied portions of design , packaging of apple’s iphone , ipad when designed similar products. samsung countersued. however, lost preliminary ruling in original case when judge cited comments samsung executive said company redesigned released galaxy tab 10 tablet after seeing apple’s ipad 2.”

http://online.wsj.com/article/sb10001424053111904888304576475693866644746.html

kelly olsen reports associated press, “samsung’s net profit slid 18 percent in second quarter weakness in semiconductors , liquid crystal displays countered electronics giant’s growing strength in smartphones.”

“samsung, world’s biggest manufacturer of memory chips, lcds , flat screen televisions, earned 3.51 trillion won ($3.33 billion) in 3 months ended june 30, said friday in regulatory filing. samsung earned 4.28 trillion won same period last year,” olsen reports. “net profit slumped 30 percent in first quarter amid declines in memory chip prices , reduced profitability in lcds , tvs.”

olsen reports, “the bright spot in second quarter continued mobile phones. revenues in company’s mobile communications business, includes phones, rose 45 percent year before.”

http://news.yahoo.com/samsung-second-quarter-profit-slides-18-percent-034816877.html

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it's complicated, best not talk , hope goes away. hey worked research in mo . . . never mind.

love line:

"as competition intensifies, there increased risks information provide may adversely affect our own businesses,’ robert yi, samsung’s chief of investor relations, said on call. declined request further explanation.”

 

samsung makes cheap junk. no focus. thinking galaxy tab, read reviews of buggy/crashes. ipad has never ever crashed.

 

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