Manufacturer Discussion : Samsung : Samsung€s latest earnings report reveals declining profits
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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.
http://m.gsmarena.com/samsung[....]clining_profits-news-10974.php
Profit for mobile division is down 60% (ouch!) while Apple is posting record sales - coincidence ? At least Note 4 is doing well (it is a nice phone so I am happy that is being recognised )
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Posted: 2015-01-29 08:13:28
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I think it's only a matter of time before Samsung falters, unless they take action soon. The Chinese phone manufacturers are taking over.
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Posted: 2015-01-29 11:13:58
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