Samsung has issued its guidance report for the fourth quarter of the 2014 fiscal year, and profits continue to be on the decline from just a year ago. However, it appears that Sammy does expect to at least see a bump in both sales and profits over its previous third quarter report.
Samsung reports that it expects to make an operating profit of roughly 5.2 trillion won (about $4.5 billion), which is down from 8.3 billion just a year ago. As far as sales are concerned, Samsung says it expects them to reach approximately 52 trillion won (about $47.3 billion), which is down from about 59 trillion won a year ago.
While both profits and sales are down significantly from a year ago, Samsung does expect to see a slight bump over the previous quarter which saw total sales and profits hit 47.45 trillion and 4.06 trillion won, respectively.
These estimates follow a series of downturns in profit for the tech giant, which has recently led Samsung to reduce its smartphone portfolio by 30 percent this year.
We’ll get a better peek at the company’s actual financials when they are reported later this month.
Source : Samsung predicts more declining profits in Q4 2014 guidance report, Dan Thorp-Lancaster | Jan 07 2015 ( http://www.androidcentral.com/samsung-predicts-more-declining-profits-q4-2014-guidance-report )