Samsung’s financials aren’t going to rise back to its glory days anytime soon, but the company seems to have high hopes of turning things around a bit in the first quarter this year. The Korean manufacturer has announced that it expects to beat analyst predictions for the operating profit in Q1 this year – Samsung expects to post an operating profit of $5.43 billion USD, which is slightly higher than the $4.88 billion USD predicted by analysts.
For the total revenue, Samsung expects to bring in $43.25 billion, though this figure is lower than the $45.83 billion that was earlier predicted. Both the operating profit and revenue are also considerably less than the same period last year – Q1 2014 saw the company generate $7.82 billion in operating profit and $49.42 billion in revenue. However, with the Galaxy S6 and S6 edge just around the corner (the two devices go on sale on April 10 in 20 countries), there’s a high chance the company will do better than anyone might have expected it to do even last month.
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