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Samsung’s Q3 2015 earnings guidance predicts first profit growth in a couple of years

Samsung has had a tough few quarters owing to increased competition in the low-end and mid-range segments of the market while it struggles to maintain momentum in the high-end market segment. All of this has contributed to seven straight quarters of year-over-year profit decline but things might finally be looking up for the company, Samsung today announced its Q3 2015 earnings guidance which predicts the first quarterly profit growth for the company in two years.

The company expects to have brought in 7.3 trillion won or $6.27 billion in operating profit in Q3 2015 on sales of 51 trillion won or $43.8 billion. If these are confirmed as final figures it would mean that Samsung is back to profit growth after quite a few quarters where it saw profits declining. Samsung brought in revenue of 47.4 trillion won during the same time last year with profits standing at 4.1 trillion won, if its prediction is correct then the company will see a year-over-year profit growth of 78% and revenue growth of about 8%. In its earnings guidance the company didn’t reveal what contributed to this potential quarterly profit growth, Samsung might go into the details when it formally announces the quarter’s results.

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cyberfrost
cyberfrost

Coool! Party Time!!

Millenium3
Millenium3

It’s almost a party mood in the Korean media because of the surprising earnings.

avenging
avenging

Hmm haters are silent. Waiting for the usual whines waaaahhh I own this Samsung model will be my last Samsung phone moving to brand x waaaaa

preime101
preime101

well I am still not planning on buying any of their phones to replace my Note 3, so I certainly haven’t, and won’t be contributing to their profits until they release a model that appeals to me and isn’t a downgrade from its predecessor.

rainerm
rainerm

Not sure I saw haters here lately?
Not everyone is a blind lover though, and a few people even have the guts to express their own opinions.
Anyway it is hard to believe that they are MORE successful BECAUSE they sell no Note 5’s in EMEA and no real high end Note 5’s (with SD & removable Battery) anywhere in the world so far :).

If I am wrong and this is the secret of their success kudos to their CEO…

kronicle
kronicle

Neither not having removable batteries nor no SD Card slots has been successful at slowing down sales of latest phone releases. Now I’ll tell you why; apparently only around 5% of Galaxy series and Note series users are even complaining. Because most of them understand that you can’t have a removable battery (just like HTC, etc) when you go to metal and glass casing. They also understand that if….. and I do mean IF…. Samsung had put the present MicroSDXC UHS-II card slot with both eMMC 4.0/4.5/5.0 and UFS 2.0 Certifications available at a reasonable price. They also still have… Read more »