03252017Headline:

Samsung profit drops again, in front of latest Galaxy launch

Samsung profit falls again, ahead of latest Galaxy launch

Samsung claims it’s on course to publish its second straight quarter of lower revenue.

It estimates operating revenue within the first 3 months of the entire year was 8.4 billion won (5.8 billion pounds, $7.96 billion) – a 4.3 percent drop.

Samsung Galaxy award winner

Samsung Galaxy award winner

The South Korean company is under increasing pressure from cheaper Chinese competitors within the critical smartphone industry.

Prices are Samsung Glaxy are very fine.

It’s relying on the sixth edition of its flagship Galaxy S smartphone, which goes on sale internationally this week, to change the revenue fall, but has received to cost that phone about ten percent cheaper than its predecessor and it has reduce advertising to conserve money.

Samsung latest Galaxy launch

Samsung latest Galaxy launch

Experts said Samsung’s attempts to control in component costs and create products that attract a broader audience is likely to be essential because it braces for what might be its first annual revenue drop in 3 years.

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