Samsung feels brunt of iPhone 6 launch, shares plummet to two-year low
Samsung has experienced quite the downturn after hitting lowest share prices since 2012. The Bloomberg report details some factors leading to this drop, including Apple's recent release of the iPhone 6 and analysts lowering profit estimations.
The company lost 2.3 percent on the market, falling to 1,161,000 won. It doesn't sound like much of a turn, until one considers the $30 billion being wiped from Samsung's market value. The company has started to face tough competition from other manufacturers, as well as Apple, which recently announced over 10 million iPhone 6 devices were sold during the launch weekend.
Samsung Securities Co. reduced its profit estimate to 4.7 trillion won, down from 5.7 trillion won, noting in a report yesterday that "its smartphones have lost appeal -- as evidenced by the solid performances of high-end Chinese models and unexpectedly strong iPhone 6 pre-orders."
It's no secret that Samsung already invests heavily in marketing campaigns, but it will be interesting to see how the company bolsters its defenses when it comes to market share, especially with the Galaxy Alpha and the Galaxy Note 4 making the rounds.
Get the Android Central Newsletter
Instant access to breaking news, the hottest reviews, great deals and helpful tips.
I have the tendency of buying a new phone from a different manufacturer every year.
Posted via the Android Central App
General public has no idea what firmware is and don't sit around at work or on message boards discussing updates.
The success of Samsung, Apple, HTC and every other manufacturer rests with being able to make their devices more desirable through advertising, price, looks and features. Case in point: Samsung dominates HTC. It's not because of firmware updates is it? At one point a few years ago HTC was on top of the world. Samsung was struggling. But Samsung managed to strike a cord with the public and it wasn't by saying "We're gonna offer faster updates than HTC." Samsung managed to appeal to a public that couldn't explain Ram from root.
Apple has been outselling Samsung by a wide margin forever. But Samsung builds more interesting, higher speced devices. Some might even call Apples offerings boring. So why does Apple stomp Samsung annually in sales?
The actual launch date wouldn't affect the sales much. The majority of consumers aren't anywhere as fickle as you appear to think. HTC, Sony and a lot of others has repeatedly tried to undercut Samsung launches with little to no effect.
"To release U2's album free, Apple paid the band and Universal an unspecified fee as a blanket royalty and committed to a marketing campaign for the band worth up to $100 million, according to several people briefed on the deal. That marketing will include a global television campaign, the first piece of which was a commercial that was shown during the event." This is what the 100m was for. They didn't give them 100m for them to show up at the launch.
Another gripe I have with Samsung is their TouchWiz skin. They stopped trying to add innovative features a while back and the look if TW is the same old, boring and heavy thing that I had on my S3. I'm not an Apple fanboy but look at them and the integration between tablet, iPhone and Mac. Where is that from Samsung? Or build quality? My S5 creaks like an old wagon on the western trail where as the new iPhone felt solid in hand.
That being said, I hope the next S series will have a metal frame at least and a much better TW. (I'm using Nova right now, btw). And I also hope the Chinese manufacturers will come to US and make XiaoMi available. Posted via Android Central App
Water proof thing is not a big deal, but would have appriciated that too.
And a better ram and 64gb rom would make it a sure success. New flagship should have something more than the past flagship.
Except he forgot that Apple are richer than Samsung and make more profit than them too. All from a handful of products while Samsung churn out 100's
please get a grip and stop being a blinded simpleton that you clearly are!
And no i'm not an Apple fanboy. I much prefer Sony!
Bell, I think the note 4 looks GREAT!!! I mean seriously, it looks Really good, the metal frame goes a long way, and not to mention its SMALLER than the 6+, even with a display 1/5" bigger! Apple made the 6 plus ridiculously long for only a 5.5 Inch display. Apparently it's turning alot of people off
No Multi Screen So much more screen real estate on the 6+ and for what??!! Posted via Android Central App