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Samsung’s Latest Earnings Report Show a Slight Decline in Profits

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Samsung has released its latest earning report for the fourth quarter (Q4) of 2014. The company made an operating profit of $4.87 billion which is quite impressive but still a little bit short of what it has recorded before. This represents a decline of 36% from an operating profit of $7.60 billion the company recorded the same period the previous year (2013).

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Samsung says that the strong sale figures of the Galaxy Note 4 played a big role in these results. The company expects the mobile business to continue growing as we get into 2015. Samsung is seeing growth in emerging markets such as India and China and believes that the adoption of 4G LTE in different countries will help its growth.

Read: Over 50,000 Samsung Z1 Smartphones Have Been Sold In Just 10 Days

Samsung also wants to make its upcoming devices stand out from the rest and plans to focus on “new materials, innovative design and differentiated features”. The company is looking at the recently launched Galaxy A series to drive sales for the next few months until the Galaxy S6 hits the market.

Samsung will also be focusing on the tablet market by unveiling both premium and affordable one as time goes by. Samsung will also be pushing its wearable devices this year.

Even though the Smartphone sales were not impressive, Samsung recorded tremendous growth in its processor and RAM businesses. The company is planning to expand this business and is believed to be the suppliers of processor to Apple for the next generation iPhones.

Read: Samsung Will Supply Apple with Processors to Use in the Next iPhone Models

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Editor at TechArena. I cover all things technology and review new gadgets as I get them. You can reach me on email: kaluka@techarena.co.ke
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