Samsung offers sluggish Q2 guidance on slack phone shipments

Samsung Electronics is not selling as many smartphones as expected, according to analysts, as the South Korean electronics maker offered second-quarter operating income guidance today that fell short of expectations. Analysts believe the company shipped between 73 million and 75 million smartphones. "Having missed that 10 trillion-won number proved that the recent concern over the high-end smartphone market saturation and margin squeeze was for real," said Lee Jin Woo, a Seoul-based fund manager at KTB Asset Management. Also at Samsung, the company has reportedly delayed the rollout until the fourth quarter of the first phone based on its Tizen operating system.

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