Like Apple’s iPhones, Samsung’s flagship Galaxy S series seemed to be unstoppable in terms of their popularity and how much money they made the company. While its popularity can’t be disputed, it seems that the phone isn’t making as much money as Samsung would like these days.
This is according to Samsung’s earnings guidance (via The Verge) which was recently released, where it showed that Samsung experienced a 0.7% dip in sales. This resulted in 14.8 trillion won in operating profit off 58 trillion won in revenue for Q2, but this is versus the previous quarter in which Samsung made 15.64 trillion won from a revenue of 60.56 trillion won.
Samsung is not alone in this as other companies have also been experiencing similar dips. Take HTC for example who recently reported that they saw a drop of 68% in sales. It has also been reported that the sales of the Galaxy S9 are apparently at the company’s lowest since the Galaxy S3 smartphone from many years ago. Samsung also peaked with the Galaxy S7 in 2016 which is said to have been the company’s biggest hit where it sold 50 million units.
It’s not surprising that we’re seeing this as many Chinese companies such as Xiaomi and Huawei have been aggressively releasing handsets that are considerably cheaper but yet offer up decent specs, while on the other hand companies like Apple and Samsung have actually been increasing their prices.
