Samsung shows signs of stabilizingStaff writer ▼ | April 7, 2015
Samsung estimated its January-March operating profit at 5.9 trillion won ($5.4 billion). The company's operating profit was an improvement from the previous two quarters.
Samsung Electronics Operating profit improved from the previous two quarters
Samsung did not give a breakdown of its financial performance but analysts said robust demand for its mobile chips and improvements in its smartphone business were behind the relative improvement. It will release its full quarterly results later this month.
The company's operating profit was an improvement from the previous two quarters when its mobile business, which accounts for two-thirds of Samsung's income, suffered from a sales slowdown. Samsung estimated that its sales fell 12 percent to 47 trillion won ($43 billion) during the first quarter.
Samsung expects its operating profit to steadily improve in the quarters to come, boosted by strong demand for its new smartphones, the Galaxy S6 and S6 Edge. ■