Samsung profits drop, again

7 July 2015

samsung logo You may well have seen loads and loads and loads of people with Samsung phones, but the people making them just don't know how to turn that into piles of money.

Samsung have jst doled out their earning predictions for Q2 2015, and even though their latest devices have impressed critics and consumers, they're still coming up short. Somehow, they've lost money on last year.

Despite releasing the Galaxy S6 and S6 Edge, the company's finances are still falling, which will be their seventh consecutive drop in profits.

One of the things that is hampering Samsung, is better than expected sales of Apple's iPhone sales. And if you can't beat 'em, join 'em.

There's rumours knocking around that Samsung has won back the contract to produce chips for Apple’s next iPhone, which will claw in the cash... but really, how are Samsung making such a mess out of making money when they have such a popular phone on their hands?

TOPICS:   Mobile

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