The Samsung Galaxy S6 might be coming sooner than anticipated as Samsung Electronics Co. is preparing for an “ugly” quarter due to competition from Apple and China-based Xiaomi Corp.
The New York Times reported that Samsung said Tuesday it expected an operating profit of about 4.1 trillion won ($3.8 billion) in the period from July to September–down about 60 percent from 10.2 trillion won a year before that.
And sales totaled about 47 trillion won, which is about a 20 percent decrease from the previous year.
The final third quarter results will be released at the end of October.
“Samsung’s profits in the mobile division will continue to deteriorate during this period of changing their line of smartphones,” Lee Min-hee, an analyst at IM Investment and Securities, told the paper.
The profits have gone down amid the launch of Apple’s larger iPhone 6 models and new phones from Chinese manufacturers like Xiaomi Corp.
“We all know Samsung’s third-quarter earnings will be pretty ugly,” Claire Kim, a South Korea-based analyst at Daishin Securities Co, told Bloomberg. “The earlier release of its new phones could be reflected in its third-quarter earnings, it could give them a slight boost.”
In September, Apple announced solid sales of its iPhone 6 and iPhone 6 Plus models, which prompted Samsung to launch its Galaxy Note 4 a few weeks later.
According to rumors, the Galaxy S6 will have 4K display with a resolution of 3840×2160 pixels, running on Android 5.0 L and the Qualcomm Snapdragon 810 processor.
However, there’s been rumors that the Galaxy S6 will be “mostly plastic,” similar to the Galaxy S5. The plastic body has been a main point of contention for some reviewers and consumers, who have derided it as “cheap” in comparison to the iPhone’s metal body.