(MENAFN) Smartphone giant Samsung Electronics Co. Ltd. faces a third straight quarter of profit decline that could become a fourth as cheaper models grab a bigger share of a slowing market, Gulf News reported.
The maker of the Galaxy smartphone is expected to announce its earnings, which have likely fell 12.6 percent in the second quarter of 2014, according to a Thomson Reuters poll.
"Samsung's heyday has gone. Its profit growth was abnormally high for the past three to four years, and now that is normalizing," a business professor at Korea Advanced Institute of Science and Technology said.
Analysts say Samsung's top-end Galaxy S5 handset, released in late March, is selling well but not well enough to offset weaker shipments for low- and mid-tier devices.
Its next big product launch, the Galaxy Note 4, is expected later this year but is not forecasted by analysts to be a game-changer.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.