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Samsung’s mobile division profits up from last quarter

Discussion in 'SAMSUNG - What's New?' started by Samsung, Jan 29, 2015.

  1. Samsung

    Samsung Well-Known Member
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    According to the Wall Street Journal, Samsung’s mobile division was able to achieve a profit margin of 7.5 percent in the fourth quarter of 2014, a slight increase from the 7.1 percent profit it made in the previous quarter. Net profit for the company declined by 27 percent from a year earlier, but even this decline was not as huge as the 49 percent year-over-year slump in the third quarter. According to analysts, Samsung should see a recovery in its bottom line thanks to a range of new budget devices and sales of memory chips and processors.

    Naturally, the company’s financial decline is far from getting back on an upward track, but it is no doubt pinning hope on its upcoming flagships and new smartphone lineups. Samsung sold 95 million phones in the fourth quarter, with around 71-76 million of them smartphones, and we will probably see that number rise significantly a few months down the line.

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