Analysts expect solid profit for Samsung

After manufacturing great devices like Galaxy S6 and Galaxy S6 edge, the Korean giant is still struggle for the magnificent profit it eyes in the smartphone market. As reports suggest that Samsung has lost 6% of market share despite the high end device it has brought in the market. Following the reports, the company seems to bring out its vision for second half of this year to put a positive impression about its smartphone business.

The report which Samsung has scheduled to release latter in current month contains the collective review of analysts on the market performance of the company. Samsung in likely to bring the report compiled after survey analysts, with the operating profit for second quarter at $6.4 billion which was also same for the same period last year.

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This however shows Samsung in comfort zone as it shows 20% gain compared with company’s business in the first quarter. But for the analysts the company has not performed as per expectations as the 20% gains remains low by 3.9%.

As many of the analyst have been looking current year as a comeback year for Samsung as it lost much after the great blow by success of Apple iPhone 6 and iPhone 6 Plus. The same was also true for the sale forecast by 20 considered analysts in the survey.

Even after the fact the expectations were narrowed down but still the analysts were expecting $24.7 billion as operating profit for Samsung this year. This is a little up against the $22.2 of preceding year. Therefore, the begging of the year shows Samsung at lowest spot since last three years. The Korean giant still got much time to improve the market statistics up to the mark and Samsung can reach there with only if it keeps at least profit of $6.49 for the remaining period of this year.

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