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CNNMoney says Samsung is failing


Of the hundreds of Android smartphones that have launched since the mobile platform first debuted in 2008, Samsung’s most recent flagship phone, the Galaxy S4, sold the best. The flagship phone quickly became the fastest-selling Android device of all time and Samsung went on to ship 40 million units in six months. Unfortunately for the company’s share price, analysts were expecting sales to be even better, so Samsung ended up missing expectations. But it’s not just analysts’ estimates that are hurting Samsung’s stock — the company reported unaudited results for the holiday quarter that saw profit dive -18% compared to the year-ago quarter. According to CNNMoney’s Adrian Covert, Samsung’s strategy is failing. He calls Samsung’s flagship Galaxy S4 a “disappointment in

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THURSDAY, MAY 28, 2020

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