News by Luke Jones on Tuesday July 07, 2015.
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Samsung announced estimates for its financial results for the last quarter and it really is a mixed bag for the Korean giant, with profits continuing to fall. The company has been through trying times over the last year and a half and indeed this was the seventh quarter in a row that the company's profits have fallen.Interestingly, the arrival of the Galaxy S6 and Galaxy S6 Edge was supposed to breathe new life into Samsung's financial situation. However, the numbersshow that second quarter profits fell 4% since the same time last year, rather incredible considering the poorly received Galaxy S5 was the company's flagship then. Profits slipped to $6.13 billion during the second period of this year, which fell below both analysts and company expectations. It is worth noting that Samsung has not released final results and is only offering estimates at the moment. The largest smartphone manufacturer in the world will announce the official numbers later this month, but there is unlikely to be much difference. As always with Samsung's falling numbers, it is worth putting things in perspective. The company is a million miles from ruin and is still the second most profitable smartphone brand in the world and continues to ship more handsets than any of its rivals.
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.