LG mobile sales tank as Samsung Mobile revenues improve, but they’re still below 2014’s Peak Galaxy

LG mobile sales tank as Samsung Mobile revenues improve, but they’re still below 2014’s Peak Galaxy



 

LG blamed a “challenging quarter for mobiles” for the $117.27 million quarterly loss posted by its mobile unit, even as the company posted slightly higher year-over-year revenues across its other businesses. Samsung similarly reported strong overall earnings–primarily from its semiconductor segment–while its mobile unit turned in revenues and profits better than last year but still below its Galaxy heyday back in 2014.

LG noted “weaker than expected premium smartphone sales and increase in component costs” for its mobile segment losses, despite the release of its new G6 flagship phone.

Since 2014, Samsung has been hit hard by a series of Galaxy S flops that attracted more negative reviews than new buyers, culminating in the mobile world’s worst brand implosion ever suffered in last fall’s Note 7 imbroglio.

Samsung S8 sales to slide, middle/low tier phones already in decline

While media sources have sought to peddle the narrative that Samsung’s problems are no big deal and that the company will win back the customers it literally burned with its defective batteries, the reality is that Samsung’s Galaxy sales have not only failed to rebound to previous highs on the premium end but are also being hit hard by new Chinese models on the low and medium tiers. Samsung’s Galaxy sales have not only failed to rebound to previous highs on the premium end but are also being hit hard by new Chinese models on the low and medium tiers

Samsung’s earnings report noted that “Revenue/OP [operating profit] increased significantly…



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