Samsung Encouraged by ‘huge’ Galaxy S6 preorders and Outlook Good For 2015
Samsung had a bad year last year. They saw profits tumble by 60% last year, is seeing an uptick in its fortunes thanks to stronger than anticipated Galaxy S6 and S6 Edge preorders.
“To be honest, pre-orders of the two Galaxy variants from our major clients are really huge,” Samsung’s Chief of Mobile, Shin Jong-Kyun, told reporters at MWC last week. And now analysts are pitching in with string estimates.
Stock analysts predict Samsung to have a strong 2015 based on the preorders Of the Galaxy S6. Market watchers expect a financial turnaround for Samsung since there is a great deal of enthusiasm for the Galaxy S6.
Interesting post on Samsung Earnings: What to Watch – Digits – WSJ
Henry H Kim, analyst for Citibank, has revised his estimate for Galaxy S6 shipments this year. He is now expecting Samsung to ship 46 million Galaxy S6 handsets this year, up from his previous estimate of 38 million.
Kim also believes that interest in the S6 will also pull in sales for lower-priced handsets. On top of that, he sees the S6 as being good for the supply chain as a whole.
“Success of GS6 will have positive chain impacts on the mid- to low-end market leadership and in-house component businesses (overall DRAM/NAND memory with content growth, mobile AP LSI and AMOLED display panel).”
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