Technology content trusted in North America and globally since 1999
8,159 Reviews & Articles | 61,614 News Posts

Samsung Q1 2015 isn't good, next few quarters won't be any better

Samsung warns that its Q1 2015 results won't be good, with profits being lower than expected
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Apr 7, 2015 4:32 am

We are on the eve of Samsung throwing its Galaxy S6 and Galaxy S6 edge handsets into consumers hands, but with the end of Q1 2015 here, we can expect the South Korean giant to soon release its quarterly report.




Samsung is expecting its operating profits to be between $5.2-$5.6 billion, which is down from $7.8 billion this time last year. The company expects to see sales of between $42-$44 billion, down from the $48 billion from the same time last year. Sales and profits are expected to be lower than the previous quarter, since Q4 2014 was the holidays and all.


We should expect a bounce back of sorts, with the Galaxy S6 and Galaxy S6 edge about to roll out. The official financial report will be released sometime later this month.


Related Tags

Got an opinion on this news? Post a comment below!