Samsung Q1 profit or fall 4% as smartphone growth slows

"TechWeb reported April 8 news, according to foreign media Reuters, as the growth of smartphone sales slowed, Samsung Electronics is expected to profit or will continue to decline in the second quarter. Samsung is expected to see its operating profit fall 4.3% per cent to 8.4 trillion won (about 7.96 billion US dollars) in the first quarter of this year from January to March, a slightly lower average than the 8.5 trillion-won analyst expected. Samsung hopes to restore growth and prove it is still a mobile innovator, with its flagship Galaxy S5 smartphone, to be sold globally in Friday. But the Galaxy S5 a bad start in the local market, coinciding with a short-term ban by South Korean mobile operators. In addition, due to the lack of eye-catching features, the product has also been outside criticism. In the face of challenges and challenges from rivals such as Apple, Samsung adjusts the price of its Galaxy S5 by about 10% below S4. In addition, the company has shrunk the size of its marketing to keep profitability stable. In response, analysts said it was important for Samsung to try to reduce the cost of components and to increase the attractiveness of its products, as the company was likely to experience its first annual profit decline in three years. Greg Roh, an investment company's HMC investment and Nomura analyst Gregg Loux, said that in a sense, Samsung could not stop its profits from sliding without improving internal efficiency.