Samsung this evening has released its earnings guidance for Q1 of 2015. The company expects to, yet again, post a decline in profit and revenue year-over-year. Samsung expects its operating profit for Q1 2015 to be $5.43 billion (5.9 trillion won), which beats analyst estimates of $4.8 billion (5.3 trillion won). The company expects revenue of 46 trillion won, which is slightly lower than estimates of 49.8 trillion won.
In the first quarter of 2014, Samsung reported 53.7 trillion won in revenue and 8.5 trillion in operating profit. The sharp differences highlight the company’s struggles over the past year, although Samsung recently launched the Galaxy S6 and S6 Edge flagships, both of which it hopes will help its numbers begin to rise.
Throughout 2014, Samsung struggled with continually decreasing market share, thanks in large part to Xiaomi and Apple. Samsung’s goal for 2015 is cut its smartphone lineup by 30 percent, a challenging task for a company that is prone to flooding the market with a variety of vaguely different smartphones.
Samsung plans to release its official Q1 2015 numbers at the end of this month.
FTC: We use income earning auto affiliate links. More.