Samsung förutspår tuffa tider i telefonbranschen


The company saw second-quarter mobile sales drop 12 percent, but profit in the business that includes phones and tablets fell 31 percent amid stiff competition. The company had already warned earlier this month that the second quarter would be a tough one.

Samsung’s global smartphone market share dropped seven percentage points from a year ago, according to IDC.

Looking ahead, Samsung said that the smartphone business will grow in the seasonally stronger second half of the year, but that it expects more competition in the low-end and mid-range of the business, especially in emerging markets. Tablets, too, are expected to see strong competition on price, but the company said it expects fourth-quarter sales to see “substantial growth” thanks to heavy promotion.

Underligt hur Apple, som inte är störst på marknaden för smarta mobiltelefoner, fortfarande tjänar mest pengar på dessa produkter.

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