Samsung has recently revealed its performance numbers in an investor meeting and for the first time in 2 years, the profits have grown. the announcement is not to be confused that Samsung doesn’t earn profits but it is simply stating that the profits have been earned but not as much as before. now after seven straight quarters of profit decline, Samsung is back on the track of growth.
Samsung has informed that it attained an Operating profit of 6.42 billion dollars for the q3 period of 2015 while Q3 profit of 2014 where just 3.6 billion dollars indicating that it is back on its track of growth. but most of the profits came from the semiconductor and display division of the company. the operating profit have searched by $440 million owing to the fact that Korean currency has been experiencing a week exchange rate.
Samsung mobile division paints a gloomy picture. retuning a profit of 2.1 billion dollars for the existing quarter. While that is an increase from the same quarter last year, the profits have declined compared to the previous quarter which is at 2.4 billion dollars. Samsung has informed that the sales of which smartphone such as note 5, s6 edge plus, A series phones have increased, the price cut in the flagship phone has affected its earnings and the mid-level phones did not return as much profit as the flagship phones.
Samsung expects a strong q4 but the competition from iPhone and low end Chinese manufacture might make an impact on its earnings. Samsung also said that the smartphone sales will decrease in the year 2016 but it will focus on the wearable technology and Samsung pay to increase profits.
Samsung seems to have shifted its focus from smartphones to other key divisions such as air conditions, displays, and chip manufacturing.
