The numbers of Samsung they disappoint analysts' expectations and the company's stock falls by 3% on the Seoul Stock Exchange. The shares have lost 17% of their value since June, after some downward valuations by a series of brokerage houses.
The electronics giant has presented the guidelines for the second quarter, which score operating profits up 47%, to a record high of 9.500 trillion won, or $8,3 billion. A positive result, but lower than forecasts, which were 10.160 billion won.
Analysts are concerned in particular lack of business diversification: 70% of Samsung's revenues come from mobile telephony. Experts fear that the market share growth of Galaxy S models will slow down due to competition.
“Is that of Samsung smartphones a finished story? Not yet, I would say, but growth is actually declining mainly due to the certainly very disappointing sales of the S4 – said Jung Sang-jin, a fund manager of Dongbu Asset Management, a shareholder of Samsung -. Yet I believe that the company can still reserve some surprises. The problem is that nobody is sure that these products will really excite investors and consumers”.
