Samsung steps up to dispute bearish reports
Not long ago, DigiTimes announced that according to some sources, Samsung suffers from drops in the sales and the numbers of orders for Samsung Galaxy S4 units and components are going down. Two very reputable analyst houses, Morgan Stanley and JP Morgan both reduced the numbers they estimate for the sales of Samsung Galaxy S4.
As a result, the stock value of Samsung took a hit by the negative attention. Samsung does not take all this information quietly. A recent announcement in front of the Korean reporters made by of J.K. Shin, the head of Samsung Mobile Communications aimed to protect the company from the negative speculations. Shin claimed that the reports are not based on real facts.
“I can say sales of the Galaxy S4 smartphone are fine. It’s been selling well. The report (by JPMorgan) was based on its own analysis. Probably, the bank may have corrected its previous bullish estimate about the S4 sales.”
It is not a common thing for so big manufacturer like Samsung to step up immediately and to respond on the media speculations. The company certainly feels confident with its numbers of sales and estimated numbers. For us, users, it is hard to decide to whom to believe to. With the dynamics in the mobile world, we will know in the near future. It is a tradition for the Korean manufacturer to announce its data for sales during every increment of 10 million sold units. As we remember, Samsung recently announced that it has sold 10 million units of Samsung Galaxy S4. The next announcement for the reached number of 20 millions will tell us more about the trends in Samsung’s sales.
If we put aside the speculations on this topic, we got news from Samsung around the time of the announcement by Shin. The company will launch an Android-based Galaxy Camera 2 at the even in London on 20th of June.
Source: Korea Times