Tag: samsung profits

Mobile trends at Samsung send profits downward by 64 percent

At the same time that Apple’s profits are breaking records, this company’s execs didn’t have the same news.

According to the news on the latest mobile trends from Samsung when the South Korean company’s fourth quarter financial results were released, there was a 23 percent drop in smartphone, tablet, and wearable technology based revenues when compared to the same time in 2013.

During that same period, the mobile profits at the company fell even more dramatically, dropping by 64 percent.

In that fourth quarter, Samsung posted earnings of $1.8 billion. This mobile trend has been a continuing one for the company that has been experiencing a growing struggle in selling its less expensive smartphones in emerging markets, where there is notable competition in cheaply priced devices from rapidly growing brands in the tech industry such as Xiaomi. Moreover, Samsung has also placed itself at risk by moving toward powering its first phone with its Tizen operating system. Recent reports have indicated that the recent launch of that OS may not have been quite as positive as the company had likely hoped.

At the same time, the mobile trends with regards to the higher end offerings at Samsung aren’t looking much better.

Mobile Trends - Samsung profits declineAt the same time that Apple’s popularity and successes have been skyrocketing since it has launched its larger screened iPhone 6 devices, Samsung’s high end devices have been continuing to do well, but not nearly to the degree of its top competition.

At the same time, it is important to note that while the growth may have slowed down by quite a bit, Samsung is far from seeing an all out halt in its unit sales. Recently, analysts from the Wall Street Journal predicted that the company had sold somewhere between 74 and 77 million smartphones within the last quarter of last year. That may be a notable stumble from the 86 million that were sold the year before in the same quarter, but it remains an exceptionally large figure.

It is clear that the mobile trends at Samsung are headed downward, but the size of the company’s sales still provides room for the brand to turn things around.

Technology news made as device giants shield their profits

Apple and Samsung are not required to publically disclose their profit statements.

A Federal appeals panel has just released a ruling that is making technology news headlines and that has entitled tech giants Apple and Samsung to proceed without a requirement to reveal their profit information and many other confidential financial details.

The decision of this panel is a direct reversal of a previous ruling that had been made by a lower court.

The technology news from the previous ruling would have required both Apple and Samsung to publically disclosed highly protected sales and profit data. The First Amendment Coalition, an advocacy group that gave its arguments within the appeals court in favor of forcing the companies to disclose their financial data, has expressed its disappointment in the outcome by way of a statement from its executive director, Peter Scheer.

This specific technology news case involved a decision in which the panel felt protecting financial data did not impede transparency.

Technology News - Companies hide profitsThe Federal appeals panel felt that even by allowing Samsung and Apple to protect the confidential financial data of their companies, there would be no impediment to their level of necessary transparency. Within a technology news statement, the panel announced that “We recognize the importance of protecting the public’s interest in judicial proceedings and of facilitating its understanding of those proceedings.”

The technology news statement went on to say that “That interest, however, does not extend to mere curiosity about the parties’ confidential information where that information is not central to a decision on the merits.”

At the time of the writing of this article, no statements were available from either Samsung or Apple with regards to this technology news. It can only be assumed that this would be seen as a win on their behalf, as it means that they will be able to maintain the close guard that they enjoy on their sensitive financial data. These massive tech giant organizations are well known for making great efforts in order to try to protect the information regarding their sales and the profits that they make every quarter and each year.