Samsung expects to beat first quarter operating profit predictions

Samsung’s financials aren’t going to rise back to its glory days anytime soon, but the company seems to have high hopes of turning things around a bit in the first quarter this year. The Korean manufacturer has announced that it expects to beat analyst predictions for the operating profit in Q1 this year – Samsung expects to post an operating profit of $5.43 billion USD, which is slightly higher than the $4.88 billion USD predicted by analysts.

For the total revenue, Samsung expects to bring in $43.25 billion, though this figure is lower than the $45.83 billion that was earlier predicted. Both the operating profit and revenue are also considerably less than the same period last year – Q1 2014 saw the company generate $7.82 billion in operating profit and $49.42 billion in revenue. However, with the Galaxy S6 and S6 edge just around the corner (the two devices go on sale on April 10 in 20 countries), there’s a high chance the company will do better than anyone might have expected it to do even last month.

Via | Source