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