Samsung reports Q4 2015 earnings, anticipates tough year ahead for mobile business
Samsung has reported its earnings for the fourth quarter of 2015, noting an operating profit of $5.04 billion (6.1 trillion Korean won) on overall revenues of $44 billion (53.3 trillion won). This is up from operating profits of $4.37 billion (5.29 trillion won) a year ago.
As for Samsung's mobile division specifically, the company reports that smartphone shipments were down in the fourth quarter while tablet shipments saw a bit of a rise. Operating profit for the mobile division came in at $1.8 billion (2.23 trillion won) on revenues of $20.65 billion (25 trillion won). This is up from an operating profit of $1.62 billion (1.96 trillion won) a year ago.
Finally, Samsung foresees a tough year ahead for its mobile arm. The company says it expects to see single-digit growth in the smartphone and tablet market thanks to a combination of increased competition and lower demand:
As for the outlook for 2016, Samsung expects single-digit percentage growth in both the smartphone and tablet categories amid softening demand and intensifying competition. Despite this challenging environment, the company will focus on increasing smartphone shipments and maintaining a double digit margin through releases of competitive devices and an optimized product portfolio.