Samsung profits surge 79% boosted by smartphone sales

http://www.bbc.co.uk/news/business-18732714

by pettermark • 14 years ago

68 39 14 years ago

bbc.co.uk

runako2• 14 years ago

Bloomberg's headline for the same announcement:

"Samsung Shares Fall After Quarterly Sales Miss Estimates"

falling• 14 years ago

Actual announcement: "Samsung Electronics has said that it expects its profits to surge 79% in the second quarter as sales of its smartphones continue to grow."

jnorthrop• 14 years ago

Here is a link to that story: http://www.sfgate.com/business/bloomberg/article/Samsung-Sha...

That's a tough spin on positive news. Just because the analysts blew their estimates doesn't mean Samsung had a bad quarter. Here is the key quote:

"Sales of 47 trillion won ($41 billion) trailed the 49.8 trillion-won average of 35 analysts’ estimates compiled by Bloomberg, overshadowing operating profit that rose to a record."

ars• 14 years ago

> the analysts blew their estimates

Samsung is supposed to give the analysts "guidance" to let them make good estimates. So it's a little bit Samsung's fault.

seanmcdirmid3• 14 years ago

Well, if you are investing on analyst expectations, and then the stock doesnt meet those expectations, then of course a price correction is necessary. The market is efficient and so is sensitive to information changes.

Steko2• 14 years ago

"That's a tough spin on positive news."

Consider the source: people reading Bloomberg probably do want to know what's going on with the share price moreso then a general or tech news source reader where the focus might remain on the raw numbers.

runako2• 14 years ago

Actual link to the Bloomberg story I referenced:

http://www.bloomberg.com/news/2012-07-05/samsung-2nd-quarter...

(I'm not sure if sfgate.com edits content they re-publish.)

flyinRyan2• 14 years ago

Here is why it works like that: http://www.forbes.com/sites/stevedenning/2011/11/28/maximizi...

RyanMcGreal• 14 years ago

Bloomberg headline writers love to try and assign causality to the meanderings of stock prices. Daniel Kahneman's recent book Thinking, Fast And Slow recounts a story from Nassim Taleb's book The Black Swan that encapsulates the tendency to find causality:

> A story in Nassim Taleb’s The Black Swan illustrates this automatic search for causality. He reports that bond prices initially rose on the day of Saddam Hussein’s capture in his hiding place in Iraq. Investors were apparently seeking safer assets that morning, and the Bloomberg News service flashed this headline: U.S. TREASURIES RISE; HUSSEIN CAPTURE MAY NOT CURB TERRORISM. Half an hour later, bond prices fell back and the revised headline read: U.S. TREASURIES FALL; HUSSEIN CAPTURE BOOSTS ALLURE OF RISKY ASSETS. Obviously, Hussein’s capture was the major event of the day, and because of the way the automatic search for causes shapes our thinking, that event was destined to be the explanation of whatever happened in the market on that day. The two headlines look superficially like explanations of what happened in the market, but a statement that can explain two contradictory outcomes explains nothing at all. In fact, all the headlines do is satisfy our need for coherence: a large event is supposed to have consequences, and consequences need causes to explain them.

idspispopd3• 14 years ago

My favourite part is the image of the model showing the samsung with an interface that closely resembles iOS.

http://i.imgur.com/nsqFl.jpg

CrazedGeek• 14 years ago

...icons on a grid resemble iOS, sure, and about a million other UIs.

jstsch2• 14 years ago

It's about two subtle design cue's: swipable page with 4*4 icons - spacing - 4 fixed icons. Call icon with white on similar hue of green in bottom left.

idspispopd3• 14 years ago

You're implying that my observation is ridiculous.

I think you're the one being incredulous/insincere here.

yogrish2• 14 years ago

Even though a late entrant, by hook or crook Sammy has become top seller of smart phones along with Apple. It is almost pushing Nokia,RIM and others out of market. This is definitely appreciable.

jstsch2• 14 years ago

I don't think it is appreciable, since Samsung is one of the biggest copycat companies ever. I was shopping for a washing machine recently, and it struck me how blatantly Samsung copies features from Miele. You can say what you want about Nokia and RIM, but they certainly have been innovative in the past. Samsung, not at all.

zmmmmm• 14 years ago

You ignore the three phones in the stock / normal configuration that looks nothing like iOS (showing widgets, etc), focus on the one that happens to be showing the app drawer which is more similar just so you can troll with a comment about copying. It's getting old.

idspispopd3• 14 years ago

woosh

Steko2• 14 years ago

"focus on the one that happens to be showing the app drawer"

(1) Hard not to focus on the one being shoved at the camera.

(2) Display models held by display models don't just "happen" to be configured a certain way. Samsung has frequently marketed their stuff with the app drawer although lawsuits have mitigated that lately.*

Given the lack of differentiation with Samsung products compared to other Android vendors your suggestion that this is all a big coincidence is laughable.

* see for example...

original galaxy s announcement:

http://cache.gizmodo.com/assets/images/4/2012/01/medium_af88...

galaxy tab original packaging:

http://www.thegalaxytab.com/wp-content/uploads/2010/10/galax...

galaxy tab 2 launch event:

http://img.ibtimes.com/www/data/images/full/2011/10/04/16859...

jrockway• 14 years ago

iOS's launcher looks pretty much exactly like Windows 3.1's program manager. It's almost like grids are a natural way to arrange square icons, or something.

Samsung profits surge 79% boosted by smartphone sales

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