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Samsung Profit Slide Continues

News by Luke Jones on Thursday January 29, 2015.

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Samsung's drop over 2014 has been well documented, but it is now in black and white and it does not make for pretty reading. Samsung recorded its third straight quarterly decline through Q4, a period that included the roll out of the Galaxy Note 4 and the busy holiday period. The company could not turn around its fortunes and profits have now fallen by 64% over the last three quarters.

It has been a disastrous year for Samsung and the company has taken a massive hit, especially in China where the company is now third place behind Xiaomi and Apple with 9% of the market. That?s a considerable collapse from 17% of the Chinese market during 2013. Some perspective is in order as Samsung has still managed to make $4.7 billion dollars in Q4 and retained a 7.5% profit margin. The company still makes money, but profits are continuing to slide and it looks like being more than a trend.

The company sold 95 million phones (80% of which were smartphones) through the last quarter, which keeps its place at the top of the market, but not like the days when Samsung completely blitzed the competition.

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Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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