Samsung reported record second-quarter profits on Friday, but investor concerns drove down the company’s share prices nevertheless. Its flagship Galaxy S4 smartphone did not sell as well as expected, and there are indications that demand for high-end devices that fetch a premium price and offer maximum profits is falling. Meanwhile, vendors such as Huawei and ZTE are making great strides in developing nations, where mobile phone sales are growing fastest.
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Samsung May Be Heading Into Choppy Seas
Posted by: Richard Adhikari July 27, 2013 05:00 AMSamsung reported record second-quarter profits on Friday, but investor concerns drove down the company’s share prices nevertheless. Its flagship Galaxy S4 smartphone did not sell as well as expected, and there are indications that demand for high-end devices that fetch a premium price and offer maximum profits is falling. Meanwhile, vendors such as Huawei and ZTE are making great strides in developing nations, where mobile phone sales are growing fastest.