Now Samsung gets the doom and gloom treatment, its ‘heyday may have come and gone’

Now Samsung gets the doom and gloom treatment, its ‘heyday may have come and gone’Time was, every analyst and his gran was out to convince the world at large that Apple was in an irrecoverable tailspin, though 31.2 million iPhones sold in Q2 and $6.9 billion profits doesn’t exactly scream Nokia-style emergency to me.

Now, thanks to a worse-than-expected Q2, the Doom Machine is firmly pointed in Samsung’s direction, and we’re told that they’re planning an emergency meeting of sorts with 400 investors and analysts – the first of its kind for eight years.

That’s the word over on Reuters, which suggests that the meeting has been called in order to “fight a gnawing suspicion that [Samsung’s] heyday may have come and gone”.

An anonymous Samsung exec purrs reassuringly: "It's been a while since we last communicated our longer-term business plan, and this year's event is largely aimed at discussing our latest strategy and vision for 2020.”

The problem is, see, Samsung relies on its mobile division for around two-thirds of its profit, and sales of the Samsung Galaxy S4 have seemingly hit a wall.

Looking at the bigger picture, with the global economy still in turmoil and what have you, fewer people have £500 lying around to invest in the next must-have device.

Worse still, those cheeky Chinese manufacturers are on the warpath with their wallet-friendly wares, which spells shrinking margins for the current big players.

In recent years, Samsung has looked around for other money-filled avenues, including solar cells and medical equipment, though they’ve yet to pay off.

Read more about: Samsung Galaxy S4Android

Add a comment
23 comments

JanSt / MOD  Sep. 7, 2013 at 19:08

Yep, here in Ireland at least the SGS4 isn't doing that well; people go for the 3 instead or just put up with a midranger.

I'm looking forward to the iPhone 5S launch. Beginning to see a pattern ;)

Marekj  Sep. 7, 2013 at 23:39

For all of the sales figures that get bandied around re the S4, I've yet to see a single one of them 'in the wild'.

AhmadCentral  Sep. 8, 2013 at 00:05

Pffft. Samsung aren't in trouble at all yet. Q2 was just fine for Samsung. Sure they didn't hit all targets. But it's still better than before.

JanSt / MOD  Sep. 8, 2013 at 10:30

Ahmad... yes, probably not. Same way Apple aren't in touble.
That's why "doom and gloom treatment ;)
This is about the betting punters of Wall St. It's about future growth potential.
When MS bought Nokia, Nokia's shares went up, MS's went down... For every normal person that sounds nuts! Because it is.

Treab  Sep. 8, 2013 at 13:24

the best bit of the nokia/ms deal the millions of dollars lost by the bankers short shifting shares serves them right lol

AhmadCentral  Sep. 8, 2013 at 15:29

Agreed Jan


Oh and I wasn't spamming. Matt said that I should comment on here to contact Lewis :)

JanSt / MOD  Sep. 8, 2013 at 15:53

Agreed Jan


Oh and I wasn't spamming. Matt said that I should comment on here to contact Lewis :)
I'm always for blaming matt ;)

Treab  Sep. 8, 2013 at 16:08

Agreed Jan


Oh and I wasn't spamming. Matt said that I should comment on here to contact Lewis :)
I'm always for blaming matt ;)



well he is a lawyer thats what one step up from a banker i mean wa.....

AhmadCentral  Sep. 8, 2013 at 16:47

Agreed Jan


Oh and I wasn't spamming. Matt said that I should comment on here to contact Lewis :)
I'm always for blaming matt ;)



well he is a lawyer thats what one step up from a banker i mean wa.....


Wa.....?

Washroom attendant?

:D

Treab  Sep. 8, 2013 at 17:44

i was looking at the note 3 (as my phones due for an upgrade in 3 months) and found a deal with £100 off the galaxy gear... so decided to check the rrp here a supposed £299

oh how i laughed..

matt101101 / MOD  Sep. 8, 2013 at 20:03

Agreed Jan


Oh and I wasn't spamming. Matt said that I should comment on here to contact Lewis :)
I'm always for blaming matt ;)



well he is a lawyer thats what one step up from a banker i mean wa.....

Shut up and enjoy your night shifts haha ;)

matt101101 / MOD  Sep. 8, 2013 at 20:04

i was looking at the note 3 (as my phones due for an upgrade in 3 months) and found a deal with £100 off the galaxy gear... so decided to check the rrp here a supposed £299

oh how i laughed..

Note 3, fantastic.

Galaxy Gear, errr....yeah, well.

matt101101 / MOD  Sep. 8, 2013 at 20:07

Agreed Jan


Oh and I wasn't spamming. Matt said that I should comment on here to contact Lewis :)

I'd comment on a new, comment-less Lewis article tomorrow.

matt101101 / MOD  Sep. 8, 2013 at 20:08

Agreed Jan


Oh and I wasn't spamming. Matt said that I should comment on here to contact Lewis :)
I'm always for blaming matt ;)


Meh, you'll have to join the back of the queue.

Estimated waiting time from this point: at least three decades.

Treab  Sep. 8, 2013 at 20:27

Agreed Jan


Oh and I wasn't spamming. Matt said that I should comment on here to contact Lewis :)
I'm always for blaming matt ;)


Meh, you'll have to join the back of the queue.

Estimated waiting time from this point: at least three decades.


his wife has booked the next 30 years... can you blame her can you imagine being married to matt?

JanSt / MOD  Sep. 8, 2013 at 20:32

The topic today is: Samsung: doom and gloom?

Treab  Sep. 8, 2013 at 20:34

The topic today is: Samsung: doom and gloom?

the new topic ... matt friend or foe...

AhmadCentral  Sep. 8, 2013 at 20:45

The topic today is: Samsung: doom and gloom?

How many words do we need to write sir?

JanSt / MOD  Sep. 8, 2013 at 20:46

3. And the 2nd must be an anagram of the 1st and 3rd combined.

AhmadCentral  Sep. 8, 2013 at 20:49

3. And the 2nd must be an anagram of the 1st and 3rd combined.

Mass Samsung Gun

matt101101 / MOD  Sep. 8, 2013 at 22:03

3. And the 2nd must be an anagram of the 1st and 3rd combined.

Mass Samsung Gun

Sam's Samsung Gun.

JanSt / MOD  Sep. 8, 2013 at 22:14

OMG what have I done?

AhmadCentral  Sep. 8, 2013 at 22:20

Well at least we're being on topic!!!

Email:

You don't need an account to comment. Just enter your email address. We'll keep it private.

Comment: