Feeds

Galaxy S4 phondleslab selling like lukewarm cakes, analysts reckon

Korean behemoth takes a punch in the stock ticker

High performance access to file storage

Samsung Electronics shares have slid nearly three per cent as investors anticipate weaker-than-expected results for the last quarter.

A number of analysts have lowered their expectations for the mighty Korean chaebol, saying that they now think fewer smartphones than forecast have shipped and profits will be less than previously hoped.

Earlier this month, Susquehanna analyst Chris Caso said that he was dropping his guess on how many of Sammy’s flagship Galaxy S4 mobes were shipping because executives from the firm had told investors that sales were down. He reckons that the electronics giant shipped 20 million phones this quarter and will ship out another 20 million next quarter, not 30 million as he previously estimated, Business Insider reported.

Also this month, JP Morgan analysts led by JJ Park cut their share-price estimate for Sammy by 9.5 per cent and lowered their 2013 earnings estimate by nine per cent. They now expect shipments of the S4 for the full year to total 60 million mobes instead of 80 million, according to The Telegraph.

“Compared to S3, S4 had stronger momentum in the first quarter of launch,” the analysts wrote. “But the following quarter’s shipment is expected to be disappointing and its peak-quarter number seems way below our previous estimates.”

Today marked the sixth consecutive day Samsung's stock price has fallen, putting the shares at their lowest level since September last year. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Leaked pics show EMBIGGENED iPhone 6 screen
Fat-fingered fanbois rejoice over Chinternet snaps
WTF happened to Pac-Man?
In his thirties and still afraid of ghosts
Rounded corners? Pah! Amazon's '3D phone has eye-tracking tech'
Now THAT'S what we call a proper new feature
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
US mobile firms cave on kill switch, agree to install anti-theft code
Slow and kludgy rollout will protect corporate profits
Happy 25th birthday, Game Boy!
Monochrome handset ushered in modern mobile gaming era
Leaked photos may indicate slimmer next-generation iPad
Will iPad Air evolve into iPad Helium?
True optical zoom coming to HTC smartphone cameras
Time to ditch that heavy DSLR? Maybe in a year, year and a half
Report: Apple seeking to raise iPhone 6 price by a HUNDRED BUCKS
'Well, that 5c experiment didn't go so well – let's try the other direction'
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.