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BlackBerry missed BB10 shipment expectations by more than 20%. HTC missed profit expectations by more than 30%. Even Samsung missed profit expectations by 10%. This is starting to look ominous, even though each company has its own reasons for soggy spring numbers. Of course, Samsung's profit miss is the biggest news item here — the company had lulled investors into complacency by beating expectations even during quarters when it did not have a brand new flagship phone in its product range. During the second quarter this year, Samsung had a brand new Galaxy S4 in its arsenal ramping up faster than any of its previous high-end phones, and its profit still missed expectations. HTC also had a brand new, well-reviewed model out during the spring quarter.Continue reading...
Via BRG - Boy Genius Report