Saxo Group Videos

Garnry: Samsung shrinks, Blackberry blossoms

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.

02:58 minutes
Tags: blackberry, blackberry 10, blackberry jobcuts, blackberry share price, blackberry shares, canada, huawei, huawei asia, huawei infrastructure, huawei tablets, huawei tech, korea, korean economy, macro, mobil, mobile, mobile ads, mobile app, mobile browsing traffic, mobile industry, mobile phone, mobile phones, mobile sector, mobile security, mobile technology, mobile trader, mobile world congress, monetary policy, peter garnry, phones, research in motion, samgsung tablets, samsung, samsung china, samsung electronics, samsung galaxy, samsung galaxy s4, samsung galaxy s5, samsung phones, samsung smartphone, saxo tv, shares, shares prices, stock, stock market, stock markets, stock picks, stock price, stock trading, stocks, stocks markets, tech, tech companies, tech company, tech firm, tech firms, tech industry, tech sales, tech sector, tech stocks, technical, technical analysis, technologies, technology, technology companies, technology industry, tradingfloor.com, won, xiaomi, zte

Switch to