Samsung Misses Earnings Mark on Weak Galaxy S6 Sales

Suffering from ailing smartphone sales, Samsung Electronics will once again miss its earnings estimate. That will mark seven straight quarters the Korean electronics giant has missed the mark.

In a published earnings estimate, the company predicted operating profit to hit about 6.9 trillion Korean won, or $6.1 billion, for the three months ending in June 2015. ThatEUs down a little over 4 percent from the same period a year ago. That stands in contrast to the 7.2 trillion won average -- about $6.3 billion -- of 33 analyst estimates compiled by Bloomberg. The official earnings report will roll out later this month.

At the heart of the discussion is the Samsung Galaxy S6 and the Samsung Galaxy S6 Edge, with its curved edges. The company had high hopes for the devices. Samsung probably could have sold more of the Galaxy S6 Edge phones, but the company didnEUt produce enough to keep up with demand.

By contrast, the Galaxy S6 wasnEUt nearly as popular as the company had hoped. In fact, Lee Sang-Chul, executive vice president and head of mobile sales at Samsung, had made this bold statement: EUConsidering the response from the market, consumer and carriers, we expect the S6 will see record sales among the previous S series.EU That didnEUt quite work out.

Pressure from All Sides

We caught up with Avi Greengart, an analyst at Current Analysis, to get his thoughts on SamsungEUs long string of quarterly earnings woes. He told us Samsung is feeling the heat from all sides.

EUSamsung is under pressure at the high end from Apple and under pressure everywhere else from value-oriented Chinese producers,EU Greengart said. EUSamsung is not alone in this issue.EU

Indeed, Samsung is not the only Android-powered smartphone maker thatEUs seeing sales slip. HTC has experienced major losses in recent quarters and Sony is not...

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