Samsung’s Q4 2014 earning guidance indicate increased profit and sales
Samsung seems to have gotten back on track, at least partially, when it comes to its sales and operating profit. The company has released the earnings guidance for the fourth quarter of 2014; according to estimates based on K-IFRS, Samsung had consolidated sales of approximately 52 trillion Korean won in Q4 2014, a noticeable increase over the third quarter. Profits also reportedly increased, with consolidated operating profit expected to stand at approximately 5.2 trillion Korean won (about $4.74 billion).
While these are only estimates, it looks like Samsung was able to hold off the decline of its profit and sales for the three final months of 2014. It remains to be seen how well the company’s mobile business did in the period – the Galaxy Note 4’s sales likely helped it a bit, though it will be interesting to see what part Samsung’s mobile division played in Samsung Electronics’ overall performance.Join the Discussion