Samsung’s latest earnings report reveals declining profits!

samsung

Samsung released its earnings report for Q4 of the fiscal 2014. The Korean giant posted operating profit of 5.29 trillion won ( about $4.87 billion) from revenue of 52.73 trillion won ($48.6 billion).

The results show a decline from the same period a year ago by over a third. Samsung posted operating profit of 8.3 trillion won last year from 59.28 billion won of revenue. The company’s net income has now declined on an annual basis for four straight quarters.

Samsung’s mobile division posted 26.29 trillion won of revenue and 1.96 trillion won of profit for the quarter thanks to strong sales of Samsung Galaxy Note 4. The profit is down by more than 60% from 5.47 trillion won ($5.09 billion) a year ago.

Official Samsung Galaxy S5

The company expects its mobile business to grow throughout 2015 in emerging markets such as India and China. Expansion of 4G LTE services globally will also help its cause.

Samsung will also focus on “new materials, innovative design and differentiated features” in order to make its future devices stand out from the crowd. The newly launched Galaxy A series of smartphones will drive the company’s performance over the next quarter until the launch of Samsung Galaxy S6.

On the tablet side of the business, Samsung will focus on both premium and affordable devices. The company will continue to push forward in the market for wearables as well.

The manufacturer’s processor and RAM businesses unsurprisingly did well during the quarter. Considering Samsung’s plans to utilize its own silicon in future products, expectations point at a strong year ahead for the units.

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Samsung Q4 reports is out: profits reach record $6.6 billion!

Samsung, the South Korean manufacturing giants and the current cellphone market leader, has revealed its financial results of the fourth quarter of 2012. The reported revenues for the whole company were 56.06 trillion won, a 7% quarterly increase.

The company’s consolidated operating profits were reported at 8.84 trillion won ($8.3 billion), a 10% quarter-on-quarter increase and the net profit was disclosed as 7.04 trillion won ($6.6 billion). However, Samsung’s full year operating profit reached a new high with 29.05 trillion won ($27 billion) on revenues of 201.10 trillion won ($187.2 billion).

 

Samsung mostly has the strong sales of its popular Galaxy S3 and Galaxy Note 2 smartphones to thank for this outstanding performance. Furthermore, strong sales of the company’s display panels and consumer electronic products like LED TVs also resulted in the Samsung’s strong performance.

Samsung expects its low-end and mid-priced smartphone sales rise this year as the company doesn’t face any competition from Apple in those segments. The smartphone shipments are expected to exceed 300 million units in 2013, a 50% rise from previous year.