Samsung official quarterly report published

Samsung Electronics has published the official quarterly report for the first quarter and registers its sixth quarterly decline in a row.

The company's operating profit amounted to 5.64 billion dollars, which is almost 30% less than last year. These figures are almost identical to the previously published company's own forecast .

Gross profit for the quarter decreased by 16.04% to 16.949 billion dollars. The company's sales fell 12.22% to 43.98 billion dollars. For the three-month period ended March 31, 2015, the company received a net profit of $ 4.3 billion, which is 39% less than a year earlier.

Samsung is experiencing problems in the smartphone market, where competition from Apple and a number of Chinese brands is intensifying, with the result that the company has partially lost not only the Asian, but also the native Korean market.
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The company did not disclose the size of the sale of mobile devices, but according to researchers at Strategy Analytics, in January-March, the South Korean giant shipped 83.2 million smartphones to the world market compared to 89 million units a year earlier.

The sales of new smartphones Galaxy S6 and Galaxy S6 Edge, which appeared on the markets of 20 countries from April 10, according to analysts, may account for up to 25% of Samsung's revenue in the next quarter. While their sales are in line with the company's plans. "The demand for the Galaxy S6 is still better than expected," said Samsung Vice President Park Jin Yang.

Samsung expects that the introduction of new technologies such as wireless charging functions and services like the payment system will attract customers to smartphones of the brand.

The company's semiconductor business ended the quarter with an operating profit of 2.73 billion dollars, which rose by 50% on an annualized basis. The display division received an operating profit of 485 million dollars.