Smartphone Suppliers Are Poised to Shine

By now you've likely heard about the disappointing results reported by Samsung. In case you haven't, the consumer-electronics giant warned that its second-quarter operating profit likely fell by 22.3% to 26.5% year over year. Normally Samsung is fairly tight-lipped when it releases its preliminary results, but not this time. Its one-page explanation included a factor I have been discussing for quite some time: the combination of a maturing smartphone industry and rising competition from low-cost Asian vendors, such as Huawei and ZTE.

In its explanation, Samsung explained that it "witnessed a slowdown in the overall smartphone market growth and saw increased competition in the Chinese and some European markets." That, said the company, led to higher inventories for low-to mid-end smartphones....402 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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