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Samsung to Halt Profit Slide and Best Analysts


News by Luke Jones on Tuesday April 07, 2015.

samsung news · industry news · luke jones

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Samsung
Samsung

Samsung is enjoying a good start to the year, and 2015 is certainly showing more promise than the dud that was 2014. The question has long been whether last year's problems were a blip or a long term decline, and it seems that it was the former. The new Galaxy S6 has shed light on Samsung once more, while the company says it expects to outperform analysts through the first quarter.

Predictions have put Samsung on an operating profit of $4.88 billion USD through the first three months of this year, but Samsung is saying that it will in fact likely rake in $5.43 billion instead. That would certainly best the analysts, but it is still well short of the amount the company made this time last year, a massive $7.82 billion. Q1 of 2014 was the last period where Samsung dominated in unprecedented numbers, since then the company has been on the decline. The signs are that the Korean giant is recovering, but it is still a long way to go to get back to those halcyon days.

That $5.43 billion profit will be earned on the back of $43.25 billion overall revenue, which is actually slightly lower than the $45.83 previously estimated. If this plays out it will be the sixth consecutive quarter where Samsung?s revenue has declined quarter on quarter.

 
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About the author

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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