Skip to main content
Menu
  1. uSwitch.com
  2. News
  3. 2016
  4. January
  5. Samsung results back–up Apple’s gloomy outlook

Samsung results back–up Apple’s gloomy outlook

-
Samsung results back–up Apple’s gloomy outlook

Samsung has revealed its quarterly results. And they suggest that like its key rival Apple, it will face struggles in the smartphone sector throughout 2016.

Profits from its mobile business slid by 7.3% between October and December 2015, with smartphone sales also in decline. The company did not reveal exact figures.

However, it did say that it expected smartphone shipments to be boosted year–on–year during the first three months of 2016. This is down to the launch of new products, including a range of updated Galaxy A Series handsets.

The company admitted it expected things to be tough in 2016 in general, though, and forecasted "single-digit percentage growth in both the smartphone and tablet categories, amid softening demand and intensifying competition".

Despite this, it made the bullish assertion that it "aims to reinforce its market leadership and drive growth with differentiated and innovative products".

These results, however, suggest that a wider malaise is setting in across the smartphone sector.

That's evident in Apple this week predicting its first-ever decline in iPhone sales, as well as the advent of the 'handset fatigue' trend that's making consumers less willing to pay out for incrementally better phones.

Source:

Samsung

Sign up for updates

Join our email list to get the inside line on the latest phones and money-saving offers. And we’ll help you make informed buying decisions with handset reviews and consumer guides too.

Latest news:

Sign up for updates

Join our email list to get the inside line on the latest phones and money-saving offers. And we’ll help you make informed buying decisions with handset reviews and consumer guides too.

back to top