Samsung has bad Q2
THAT’S THE WAY THE BALL BOUNCES: If this were a World Cup match between South Korea and the U.S., you might say the Korean team had fallen behind in a tight battle after scoring an own goal. Samsung said today that operating profit for its fiscal Q2 fell for the third quarter in a row, the 22.3% decline representing the first double-digit drop in nearly three years. The hardware giant had spent the quarter flushing excess inventories of smartphones, leading to higher marketing expenses. The Wall Street Journal reports that analysts at Macquarie believe Samsung shipped too many units of its flagship Galaxy S5 to distributors when it was released in April, leading to a sharp drop-off in June. It would appear Samsung’s overconfidence has caused it to kick itself in the shin. (7/8a)
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMS
