Tuesday , June 5 2018

Samsung Announces Earnings Guidance for Q1 2015 – predicts 30 percent drop in profits


Samsung has announced earnings guidance for Q1 2015 and while the company has still made some profit, the indication is that the good days are somewhat behind them, for now.

The company has predicted that it has made around 5.9 trillion WON (US$5.4 billion) in operating profits for the period between January and March of approximately 47 trillion WON in revenue ($43.2 billion), leading to an indication of at least a 30% decline in profits with a 12% slide in sales sadly.

The company hasn’t given any formal explanation for the profit decline or slide in sales, however given these results don’t include any sales or profits from the recently announced and launched Galaxy S6 and S6 Edge, it will be interesting to see if these devices will help bring the numbers up for the company going forward. We will have to wait and see.

Source: Samsung Tomorrow.
Via: The Verge.

Alex Dennis   Journalist

By day, Alex works within the Industrial Relations field/occupation but by night and in his spare down time he searches the net for anything and everything relating to Android and Chrome related products and news.

Other various interests Alex has include, Accessible transport for people with disabilities along with LGBTIQ and Health related fields and interests for again for people with disabilities.

One comment

  1. ha ha. Scamsung. Time for Chinese OEM to eat Samsung’s lunch.

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