Tuesday, 7 October 2014

Samsung is 'doomed' just like Apple is




I want to congratulate Samsung Electronics for matching Apple on a significant measure of a company's notoriety: analyst panics. Apple can't report its earnings without someone foretelling its fall from grace and now the same is true of Samsung. Last night, the Korean company issued a profit guidance that showed significant declines relative to its performance in the previous year: 20 percent lower total sales and a big 60 percent drop in operating profits. There are serious reasons for why this downward trend is worrisome for Samsung, but there's no cause for fatalism.

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