Samsung Profits Continue to Fall Steadily

While Apple’s profits continue to grow, its main market rival keeps losing its share, customers and money. According to the most recent earnings report published by Samsung earlier this week, the company saw a 36% decrease in profits in Q4 of 2014 in comparison with the year-ago result. Moreover, Samsung’s mobile division saw even greater decline - 64%. The net profit in the latest quarter accounted for 5.29 trillion won (about $4.84 billion).

There’s one company division, however, which saw an increase in profits to 2.7 trillion won. This is the semiconductor division, which is responsible for the developments of chips for Apple and several other portable device manufacturers.

The company generated 52.73 trillion won in revenue in Q4 and profits of 5.29 trillion won ($4.84 billion). That's down from 59.28 trillion and 8.31 trillion won in Q4 2013. Earnings for its mobile division declined for the fifth consecutive quarter due to increased competition from Apple and other smartphone manufacturers such as Xiaomi.

To be honest, I don’t know what Samsung should do to improve its position on market. The best way is to innovate and make the products better than those rivals create. With the technologies developing so fast, this task is incredibly difficult.

[via iClarified]

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Written by Andrey

Saturday, January 31, 2015. 0:43

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