OUCH: Samsung Securities says Samsung phones have ‘lost appeal’

%name OUCH: Samsung Securities says Samsung phones have lost appeal by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

You’ll never be able to accuse Samsung’s own investment firm of being in the tank for its parent company. Bloomberg Businessweek reports that analysts have once again slashed their profit estimates for Samsung in the latest quarter, which sadly hasn’t been unusual to see this year. However, what makes this latest round of lower profit estimates noteworthy is a report from Samsung Securities that brutally explains why Samsung’s high-end smartphone business might be in a lot of trouble.

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