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Garnry: Samsung shrinks, Blackberry blossoms

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Samsung shrinking and Blackberry blossoming, who’d have thought it, the opposite was true in recent months. For the third quarter in a row Samsung has seen its operating profit drop, this time by twenty five percent. Revenue for the second quarter was down almost ten percent, year on year, worse than the seven percent drop widely expected. 

Samsung's market share is shrinking in the face of tough competition from Chinese handset makers like ZTE, Huawei and Xiaomi. The Korean Won is also up around ten percent against the US Dollar harming Samsung profits as well as South Korean exports more broadly.      
Saxco bank's Head of Equity Strategy, Peter Garnry, analyses the latest results for the firm which was the world's leading handset manufacturer in 2012.    

By contrast, Blackberry seems to be recovering. A few months ago many would have thought the firm was on its last legs. A new CEO appears to have embraced the position the firm finds itself in; a niche high security software company.

Blackberry's revenue remains subdued, down around seventy percent year on year, but operating profit has stabilised and shares are up ninety five percent since December 2013.