Samsung’s holiday quarter wasn’t as devastating as the previous quarter, which saw the company’s profit plummet 60% on-year, but the company’s fourth-quarter report still showed steep declines in profit and revenue as Samsung continues its struggle to steady the ship. The South Korean giant has enjoyed explosive growth over the past couple of years, but pressure from Apple at the high end and from dirt-cheap Android phone makers at the low end has created a puzzle that Samsung can’t quite seem to piece together yet.
There is no question that the iPhone 6 and iPhone 6 Plus comprise a terrifying nightmare for Samsung, which has seen its high-end phone sales dwindle since the phones were released this past September. But as it turns out, Samsung’s biggest headache may lie elsewhere.
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