Samsung Adjusting Prices Amid Stalling S6 Sales Growth
Posted in: UncategorizedSamsung will be “adjusting” prices for the S6 and S6 Edge to maintain sales growth, the company said Thursday after reporting that net income, excluding minority interests, fell to 5.63 trillion won ($4.9 billion) in the three months ended June. That missed estimates and prompted the biggest decline in shares in four months.
Samsung will add more middle- and low-end models, and cut spending in the phone division, it said. The company will unveil its next Note device on Aug. 13, earlier than the company’s usual schedule. Apple typically releases a new product in the second half of the year.
The South Korea-based company also warned of slowing growth in the device market and tepid demand for memory chips.
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