Apple's iPhone 6 and iPhone 6 Plus is a huge success. So huge that plenty of companies had much lower profits than expected. Samsung had more than 60% lower profits than expected, mainly from their premium high end phones like the Galaxy Note and S5. And also Qualcomm has to lower their expectations for their Snapdragon chip profits thanks to the iPhone 6.
And as I said even before the iPhone 6 were released, when the larger iPhone was still just a rumor: “Android users will switch in droves”. And they sure did!
Samsung Electronics reported overall Q4 operating profits of 5.29 trillion won ($4.9 billion)—a 36 percent year-over-year drop—but its Mobile division suffered a 64.2 percent drop in profits, falling from $5 billion in the year ago quarter to $1.8 billion in the December quarter.
Via: Samsung's mobile profits plunge 64.2% after Apple's iPhone 6 devastates premium Galaxy sales
Chipmaker Qualcomm on Wednesday revised its revenue forecast downward for 2015, lopping nearly $1 billion off of its high-end estimate and seemingly blaming the change in part on Apple's annexation of market share with the iPhone 6.
Via: Qualcomm lowers revenue forecasts as Apple squeezes its best customers
Following on the heels of a record-breaking quarter for Apple, Strategy Analytics has crunched the numbers and crowned Apple the king of the smartphone vendors for Q4 2014—or rather, one of the kings. It seems the Cupertino company managed to tie rival Samsung for the title.
Via: Apple ties for title of world’s largest smartphone vendor in Q4 2014 | 9to5Mac