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Samsung misses net estimates, loses ground to Apple

Company fights back in devices, releasing the Galaxy S6 and S6 Edge to positive reviews and strong demand
Thursday, April 30, 2015 - 05:50
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Samsung will sell 46 million units of the S6 models this year, with the more-expensive curved model comprising half of shipments, according to estimates from Kevin Lee of Korea Investment & Securities Co.

Seoul

SAMSUNG Electronics Co's first quarter profit missed analysts' estimates as consumers switched to Apple Inc's larger iPhones and cheaper Chinese devices using Google's Android.

Net income, excluding minority interests, fell 40 per cent to 4.52 trillion won (S$5.6 billion) for