Samsung's operating profit for 1 quarter fell by 30.5%

Samsung Electronics on Tuesday published a preliminary report on its profit for the 1st quarter of 2015. According to the report, the operating profit of the South Korean giant for the 1st quarter of 2015 amounted to 5.4 billion dollars. This is 30.5% lower than the figure for the same period last year, but this result also surpassed analysts' forecasts.

The company's sales fell 12.4 percent to $ 43 billion, while analysts expected a result of $ 46 billion.

The company's profit has been falling since the end of 2013 due to the growing competition in the smartphone market, where Samsung has dominated for several years. But Samsung faced a double threat from companies like Apple and Xiaomi, which conquered the expensive and cheap smartphone segment.
')
The drop in revenue was mitigated by supplies in the segment of chips and displays to other vendors.

The official report will be presented at the end of this month.