You’re able to or won’t have noticed, but we’re all over again inside the thick of earnings season , and today Samsung’s within the hot seat. The corporate has reported that its second-quarter profit fell 26 percent year-over-year to three.7 trillion won ($3.5 billion), largely way to underwhelming sales of flat screen TVs and, to a lesser extent, semiconductors. That’s a shade worse than the whiz kids over on Wall Street were expecting, consistent with Bloomberg. Correctly, the demand for televisions was so disappointing that it overshadowed what was actually a formidable quarter for the outfit’s mobile division — sales of feature and smartphones quadrupled year-over-year to 19.2 million units, putting the corporate on course to further narrow the distance with Nokia, the world’s bestselling handset maker. All told, this balanced out to a modest growth in revenue — an uptick of two.9 percent to 39 trillion won ($36.7 billion). Is sensible to us — handsets aren’t exactly big ticket items, ya know?
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