Home / News / Samsung forecasts 37% profit fall
Galaxy smartphone is losing market share

Samsung forecasts 37% profit fall

Samsung has forecast a 37.4 per cent fall in its quarterly operating profit, from a year earlier.

The company announced an operating profit of 5.2tn (£3.14bn) Korean won for the three months to December last year.

Samsung revealed this news in its pre-earnings guidance, and analysts expect an operating profit of guidance of about 5tn won.

Samsung’s final fourth-quarter earnings are expected to come later this month.

The company’s flagship Galaxy smartphone line has been losing market share to other cheaper models.

This news comes after Samsung revealed a string of new products at CES this week.

The firm showcased the portable SSD T1, which is available in 250GB, 500GB and 1TB storage capacities, as well as a 105-inch bendable HD TV.

Read all of PCR’s CES 2015 news coverage here.

Check Also

Zyxel offers tech help to those working from home

With more people staying home as cities and countries go into lockdown to stop the …