Samsung expects to beat first quarter operating profit predictions

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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

Abhijeet Mishra - Editor-in-Chief

[email protected]

First Samsung device: SGH-D500

Abhijeet's writing career started with guides for custom firmware for Samsung devices (including the original Galaxy S), and he moved to SamMobile in mid-2013 and worked up the ranks to Editor-in-chief. In addition to phones and mobile devices, his interests include gaming on both PC and console, PC hardware, and spending countless hours on YouTube watching videos on tech, movies, games, politics, and internet dramas.

Phone Galaxy S6 Galaxy S6 Edge

Samsung expects to beat first quarter operating profit predictions

Abhijeet Mishra - Editor-in-Chief

[email protected]

First Samsung device: SGH-D500

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