Analysts had predicted that Samsung wouldn’t be able to match or go beyond the operating profit it showed in Q3 2015 and their prediction has turned out to be true. Samsung has now provided its official earnings guidance for the fourth quarter of 2015, it expects to rake in about 6.1 trillion Korean won ($5.1 billion) in consolidated operating profit against 53 trillion Korean won ($44 billion) in consolidated sales.
The figures represent a 15% increase in profit year-over-year, since Samsung didn’t have a particularly nice run in Q4 2014, but also represent a 7.5% when compared to the operating profit it posted in the previous quarter. Even though the company is ready to put 2015 behind it, it’s already being very cautious about 2016, with co-CEO Kwon Oh-hyun telling employees that global growth is going to remain a concern for Samsung throughout this year. Samsung is going to reveal the full figures that show precisely how it did in the fourth quarter of 2015 by the end of this month.
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