Samsung Galaxy S6 Edge camera image 003

After posting another disappointing quarterly earnings, a fifth straight profit drop, Apple’s chief rival Samsung has now slashed the retail price of Galaxy S6 and Galaxy S6 Edge flagship smartphones by a hundred euro, or about $110, BetaNews learned.

The consumer electronics giant’s mobile division suffered a 37.6 percent drop in operating income during the April-June period after badly miscalculating demand for the higher-priced Galaxy S6 Edge, leaving it with unsold inventory of the regular Galaxy S6 devices.

“After the deduction, the revised cost of the 32GB variant Galaxy S6 is €599, whereas its Galaxy S6 Edge counterpart will slightly break the bank at €699,” reads the article. In US dollars, the €599 and €699 price points work out to about $655 and $765, respectively.

It’s never a good sign when you drop the price of a flagship smartphone after launching it a mere four months ago. Imagine the Wall Street backlash if Apple dropped the retail price of the iPhone 6 and iPhone 6 Plus a few months after releasing the phones (actually, that’s precisely what the company did with the original iPhone).

iPhone sales in the June quarter grew 35 percent year-over-year to 47.5 million units thanks to the runaway success of the larger-screened iPhone 6 and iPhone 6 Plus.

The South Korean conglomerate does not report unit sales for competitive reasons.

Samsung Galaxy S6 Edge camera image 001

Samsung is getting clobbered by the latest iPhones on the high-end and by Chinese upstarts like Xiaomi and Huawei that offer comparable or better-than-Galaxy phones for half the price. Making matters worse, the large screen size of Galaxy smartphones is no longer Samsung’s key competitive advantage over the iPhone.

The company will try to rectify the situation by holding its annual Unpacked event about three weeks earlier than usual in an effort to steal Apple’s thunder. Scheduled for August 13 in New York City, the press conference is expected to serve as a launchpad for an upcoming Note 5 phablet and an even larger version of the Galaxy S6 Edge.

Purported leaked specs suggest that the Note 5, code-named Samsung Noble, will have a massive 5.66-inch QHD screen and be driven by an octa-core chip with four gigabytes of RAM.

The Samsung-designed and built Exynos 7420 processor will provide one quad-core CPU clocked at 2.1GHz each, plus an additional quad-core processor clocked at 1.5GHz aimed at light tasks that don’t require the full processing power.

Samsung 2015Q2  earnings image 001

The device should include a five-megapixel shooter out the front and a 16-megapixel camera out the back, run Android 5.1.1 and do away with expandable memory in favor of built-in storage—a design choice borrowed from the latest Galaxy lineup which drew ire of customers who are accustomed to expanding their phone’s memory by way of inexpensive SD memory cards.

Source: BetaNews

  • Virus

    it was over for Samsung when Apple made the bigger screen iP6&6+ people been wanting 4.7inch or 5.5inch since the iPhone4 but had to get the Galaxy S3/4 instead

    • czbird

      Obviously, I’m not “the people”. I suffer from the 6+ screen size from the day one I got it (was in sale) and remembering good old 5s size every day as well. That damn thing won’t fit no pocket smoothly, must be used with two hands, etc. Who the heck needs fullHD on their phone? I got the same resolution on my 17″ notebook and am perfectly OK with it there. 6+ is a victory of crowd stupidity (scream with us – we need as large screen as to be able to paddle with it coz we can’t afford to get a decent small phone and an iPad to it if needed) over usefulness and handiness. If only Apple could stop hunting larger screens that are very – VERY! – impractical, useless watch and other crap like health stuff (do you really need to count your steps? Daily? With graphs?) , and started to focus on things that matter… like better battery to start with. Wish there was a kickass 4.8″ screen successor introduced in autumn.

      • Shinonuke

        Some folks have big hands while some have small hands. Best to try before you buy. My iPhone 6 is perfect for my needs.

      • czbird

        That’s fine. I just wanted to give it a try and find out why “everyone” is so crazy about it. Well, I’m not. I don’t primarily use phone as a social status indicator but as a phone (hmmm…) and a tech gadget I like to play with time to time. See, I even had problems getting a decent waterproof case for the 6+ to mount it on my motorbike (use as navi). I will happily pass my 6+ on to my lady the day the jailbreak is out for a new smaller model (let it be 6s if not anything smaller).

      • Merman123

        Social status indicator? Lol

      • czbird

        You would not believe… 🙂

      • George

        Big hands don’t equal bigger pockets, the 6 plus is way too large.

      • Full disclosure: in addition to 5.5 inches, Apple also makes 4.7-inch phones

      • czbird

        If that’s the case, I can only wish they won’t nerf it with like a year old CPU or so… And yes, I’m not referring to current models.

      • No seriously. It’s available now and it’s called iPhone 6

      • czbird

        Lol, I know. As I said, I just wanted to give the 6+ a try. Now I know it was a bad move, and will proceed accordingly. Just waiting what Apple comes up with this autumn.

      • iBanks

        You had 14 days to return/exchange the device or could have flipped it for a profit. Kill the whining. It’s too late for that.

      • Seba

        I have big hands and my 6+ is perfect for me !!! People should go to Apple store and play with the phone before decide which one you want. If you like Samsung go to the store and play with it as well – end of the story !!!

      • DevXav

        Sorry bro, i’m not “the people” as well, but my big hands and cock COMPLETELY disagree with everything you just said.

        I like the 6+ 5.5′ screen and she likes my cock. 🙂

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  • Ray Pereyra

    But I thought people were flooding stores to buy the S6. It’s always the same with Samsung, new S phone comes out and the demand is too great. Then the quarterly earnings occur, demand was not what they expected. Fools.

    • Franklin Richards

      Samsung probably hired people to line up and pretend to buy the phones.

      • That_Fruitarian

        I hope not. That would be just sad.

      • Franklin Richards

        It’s their usual tactic. In Taiwan they hired students to review and talk about their phones.

      • czbird

        They’re just not able to compete with Apple as for now. And crazy inventions like edged display won’t bring them more customers, but only a few more nerds. The day they understand their market position will be the day of their victory.

      • Mr. Right

        “And crazy inventions like edged display won’t bring them more customers, but only a few more nerds.”
        -2.7k screen
        -wireless charging
        -battery saving mode
        -NFC (that you can use mostly everywhere)
        -Multi-tasking
        -4k recording
        -Fast charging

        The list goes on and on. What does the iPhone have? Only thing I can think of is iMessage.

      • Joey Hurwitz

        Yet iPhone is STILL killing them and will continue too it’s over Samsung just like Apple’s ad says if it’s not an iPhone it’s not an iPhone I will NEVER buy crap Galaxy phone EVER AGAIN

      • leart

        does iphone have Stagefright ?

      • igorsky

        Maybe most people just don’t care about all these features you brought up. Deal with it.

      • Franklin Richards

        Samsung should stick to SSDs and Washing Machines.

    • This Guy

      They still make money though, just not as much as they wanted. “Profit drop”…there is still profit.

      Of course in corporate dictionaries that does mean “loss” but it’s really not, it’s just “not as big of a gain”

      The whole thing is silly really.

      • Ray Pereyra

        I agree with you, but loss of profits affects marketing and R&D. Then again it’s Samsung and they have other businesses.

      • This Guy

        If it’s affecting other things negatively, then maybe they are spending too much in those areas… if they are relying on ‘hopes’ of big cash from other areas.

        This ‘hope’ of big cash from certain areas also dupes investors. Then again when reality sets in, I bet it all evens out.

        My point is- they should assume lower in the first place instead of playing all these stupid mickey mouse games. It’s uh…bullshit. But that’s business I guess….and that’s why I think business is… bullshit. Because it’s all stupid little games like this.

      • czbird

        True. Samsung just thought they were big enough to play Apple game (expensive glitter with reasonable stability). Well, not yet. In my country, S6 32GB is more expensive than 6+ 64GB. No wonder ppl are not buying it and are focusing to Xiami, Oppo and Huawei instead. Now they (Samaung) even came up with some sort of cash back. Still not working. They should revert to where their market place is and not try to push themselves to where they don’t belong (yet). Apple is ridiculously expensive for what they have to offer (no, you can’t get an iPhone for $1 to your tariff plan in every country), but it’s simply their ongoing strategy that was widely accepted. Samsung needs to find their own place.

  • DtownBlogger

    I just traded up from the 6 to the 6 plus. At first I thought the 6 plus was too big but after using it for a about a week now I absolutely love it!

    • Seba

      Welcome to my club 😉

    • Yep thats what Im doing with the S model of the plus. I sort of feel bad for making fun of the first Phablet buyers lol.. but not really they were running android.. eww.

  • White Michael Jackson

    I really hope Samsung continues to survives if there is not competition Apple will continue with minimal upgrades every year.

  • Seba

    Not that it is gonna help Samsung but they should stop advertising with stupid “The next big thing is already here” and make something original, morons !!!

    • Joey Hurwitz

      Totally agree just makes them sound like Apple wannabes

  • Dante Arellano

    I’ll see more future in windows and amazon phone than the shitte of samedum

    • Mr. Right

      Note 5 > iPhone 6s+

      • leart

        Stagefright > 950 million android devices

  • iDude

    their hardware is epic, their OS is disgusting lol. that’s all there is to it.

    • Mr. Right

      You can replace it with root or launchers but most apple fanboys don’t understand that…

      • leart

        Stagefright

  • Vic O

    It just cracks me up how the news that Samsung has slashed the prices on their flagship phones after four months of launch gets people riled up against Apple and/iPhones… This is exactly why Samsung finds itself where it is: not because people don’t think, but thinking about all the wrong stuff.

  • Rodrigo Cobos

    Only if Apple allowed jailbreaks… it would just blow Samsung out of the water
    (ノಠ益ಠ)ノ

  • Bugs Bunnay

    Samsung shall go back to making refrigerators and tvs.