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Samsung Predicts 30 Percent Drop In Profit

By on April 7, 2015

Samsung Electronics has released earnings guidance for its first quarter of 2015, and the story’s the same as the last few: the company’s making good money, but less than before. Samsung predicts it made around 5.9 trillion won ($5.4 billion) in operating profit between January and March off about 47 trillion won in revenue ($43.2 billion). That represents around a 30 percent drop in profit and a 12 percent slide in sales from the same period a year ago.

Samsung hasn’t offered any further information or explanation for the falling numbers, but it’s heading into a crucial quarter with the imminent release of the Galaxy S6 and Galaxy S6 Edge — the company’s most impressive phones in years. If the S6 duo can outperform its disappointing predecessor, the Galaxy S5, it could help turn Samsung’s sales slump around.

I Write Things.
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