editor's blog
Subscribe Now

Teenage scribblers

Many years ago the British Chancellor of the Exchequer (Finance Minister) referred to financial analysts as “teenage scribblers”. And they don’t seem to have grown up. Yesterday Samsung announced that it expected profits for the second quarter of the year to be yet another record at between $8.2 and $8.5bn. That’s right – eight point five billion dollars. $1.20 for every man, woman, and child on the face of the planet in just one quarter. The company’s shares promptly fell by 2.8%. That’s right as well – record profits and the company’s shares fell. Why? Because analysts had previously decided that the company was going to report higher profits. How much higher? About 3%.

The Financial Times commented that there were “fears that the world’s biggest smartphone maker could struggle to meet optimistic market expectations.” Not that they weren’t going to continue to make shed loads of profit. Not that they weren’t going to continue to innovate. Not that, despite the hyper-profits of Galaxy phones and tablets there are vast underlying markets across the board. The company is being punished for not meeting the teenage scribblers’ finger in the air estimates of what they were going to do.

It is a mad world my masters!

Leave a Reply

featured blogs
Apr 23, 2025
Just when I thought the day was as strange as it could get, I ran across this video'¦...

featured paper

How Google and Intel use Calibre DesignEnhancer to reduce IR drop and improve reliability

Sponsored by Siemens Digital Industries Software

Through real-world examples from Intel and Google, we highlight how Calibre’s DesignEnhancer maximizes layout modifications while ensuring DRC compliance.

Click here for more information

featured chalk talk

Developing a Secured Matter Device with the OPTIGA™ Trust M MTR Shield
Sponsored by Mouser Electronics and Infineon
In this episode of Chalk Talk, Amelia Dalton and Johannes Koblbauer from Infineon explore how you can add Matter and security to your next smart home project with the OPTIGA™ Trust M MTR shield. They also investigate the steps involved in the OPTIGA™ Trust M Matter design process, the details of the OPTIGA™ Trust M Matter evaluation board and how you can get started on your next Matter IoT device.
Jul 2, 2024
32,129 views