Samsung net profit falls 27% on smartphone slowdown

Thursday 29 January 2015 | 08:15 CET | News
Samsung Electronics reported a fall in fourth-quarter net profit to KRW 5.35 trillion from KRW 7.30 trillion a year earlier. Operating profit dropped to KRW 5.29 trillion from KRW 8.31 trillion, and revenues declined to KRW 52.73 trillion from KRW 59.28 trillion a year ago. Despite the weaker results, Samsung raised its final dividend to KRW 19,500 per share from KRW 13,800 a year earlier. The lower results were due to a sharp fall in sales at its mobile phone business, where quarterly revenues were down 23 percent year-on-year to KRW 25.02 trillion. Operating profit at the communications

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Samsung
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Samsung sales fall 8.4% in Q2

Published 07 Jul 2015 08:40 CET | World
Samsung Electronics said it expects to report second-quarter revenues down 8.4 percent from a year earlier to KRW 48 trillion, ...

Samsung Q1 profit slips despite higher smartphone shipments

Published 29 Apr 2015 09:12 CET | World
Samsung Electronics said revenues for the first quarter fell to KRW 47.12 trillion from 53.68 trillion the year before, with the ...

Samsung Q1 profit falls less than expected

Published 07 Apr 2015 08:54 CET | World
Samsung Electronics reported preliminary revenues of KRW 47 trillion for the first quarter, down from KRW 54 trillion a year ...

Samsung to freeze salaries in Korea

Published 26 Feb 2015 09:31 CET | Korea, Republic of
Samsung Electronics will this year freeze the salaries of all its workers in South Korea. The salary freeze is Samsung's first in ...

Samsung starts ePoP memory production for high-end phones

Published 04 Feb 2015 08:38 CET | World
Samsung Electronics announced that it is now mass producing embedded package on package (ePoP) memory. This is a single memory ...

Samsung names new marketing chief ahead of Galaxy S launch

Published 03 Feb 2015 13:50 CET | World
Samsung has appointed a new head of strategic marketing for its mobile business as it prepares to launch its next Galaxy S ...

China smartphone shipments to plunge 20% in Q1

Published 30 Jan 2015 05:30 CET | China
Smartphone shipments by Chinese vendors fell by 8.8 percent sequentially in the fourth quarter of 2014.The decline was mainly due ...

Apple matches Samsung smartphone market share in Q4

Published 29 Jan 2015 09:42 CET | World
The global mobile phone market grew 7 percent year-on-year in the fourth quarter of 2014 to a total 515 million units shipped, ...

Samsung drops Qualcomm for next Galaxy S - report

Published 22 Jan 2015 10:01 CET | World
Samsung Electronics will use its own microprocessors in the next version of the Galaxy S smartphone, dropping its use of a ...

Samsung, Apple consumed 17% of total semiconductor demand

Published 21 Jan 2015 21:08 CET | World
Samsung and Apple continued to lead as top global semiconductor customers last year, together consuming 17 percent of total ...

Global smartphone shipments reach 1.167 bln in 2014

Published 20 Jan 2015 17:25 CET | World
Global smartphone shipments totalled 1.167 billion units in 2014, a year-on-year increase of 25.9 percent, with combined ...

Samsung considers stock split

Published 20 Jan 2015 12:58 CET | Korea, Republic of
Samsung Electronics is considering a stock split. Robert Yi, Samsung's head of investor relations, told reporters that the South ...

Samsung hires ex-Apple design consultant

Published 19 Jan 2015 18:33 CET | World
Samsung has hired Lee Don-tae to head the company's global design centres, the Wall Street Journal reported. Lee, an executive at ...

Samsung approaches BlackBerry on takeover - report

Published 15 Jan 2015 08:46 CET | World
Samsung Electronics recently offered to buy BlackBerry for as much as USD 7.5 billion, Reuters reports citing a person familiar ...

Samsung introduces Galaxy A7 smartphone

Published 12 Jan 2015 10:35 CET | World
Samsung is expanding its Galaxy smartphone range with the new A7, available from March in a choice of black, white or gold for a ...

Samsung sales, profit down again in Q4

Published 08 Jan 2015 08:52 CET | World
Samsung Electronics reported preliminary results for the fourth quarter, showing revenues down to KRW 52 trillion from KRW 59.2 ...

Samsung unveils Tizen-powered 'SUHD' TVs at CES

Published 07 Jan 2015 13:52 CET | World
Samsung has launched a range of 4K ultra HD TVs at CES. Dubbed 'SUHD' TVs, the products provide 4K content, and feature Samsung's ...

Samsung adopts Tizen OS for new smart TVs

Published 02 Jan 2015 08:46 CET | World
Samsung Electronics has announced plans to use the Tizen operating system for its smart TVs. The company will show the first TVs ...

Samsung to start mass producing new low power 8 GB chip

Published 23 Dec 2014 09:33 CET | World
Samsung has started mass producing what it says is the industry's first 8 Gb, low power double data rate 4 (LPDDR4) mobile DRAM, ...

Samsung mulls annual dividend lift of up to 50%

Published 19 Dec 2014 17:15 CET | World
Samsung said it is "seriously" considering a 30-50 percent year-on-year increase to its full-year dividend, the Financial Times ...

Samsung to discontinue ChatOn messaging service

Published 19 Dec 2014 09:46 CET | World
Samsung Electronics is discontinuing its ChatOn mobile-messaging service. Samsung said it would end support for the service in ...