According to the Wall Street Journal, Samsung Electronics Co. on Friday, released an announcement saying that they will stop reporting sales data for their mobile phones and tablet computers. According to Samsung, competition in this segment has intensified and this step has been taken to potentially reduce the risks attached to divulging figures, which could eventually affect Samsung’s own businesses. In their earnings release, Samsung have simply noted that, ‘shipments of mobile handsets increased in the high-single-digit range quarter-on-quarter’. When asked for a further explanation, Samsung declined the request.
Samsung stops reporting phone sales data
Samsung was recently entangled in a legal battle with Apple; with the latter accusing Samsung of copying the iPhone’s hardware, software, design, packaging and marketing. There could be a chance that this might have influenced Samsung's plans of hiding their sales data. Because the rate at which Samsung’s smartphone sales are increasing, they will be stiff competition for Apple. Samsung’s phone sales may not have reached the number they were expecting to, this quarter, which might have led them to believe that it would be best to cease reporting phone and tablet sales data.
Publish date: August 1, 2011 6:22 pm| Modified date: December 18, 2013 8:16 pm