Samsung releases Q4 2015 earnings guidance


Samsung’s Q4 2015 earnings guidance has been released with operating earnings a bit lower than they had hoped. They forecasted 6.1 trillion won (US$5.08 billion), which is 17.5% down from their previous $6.46 billion in Q3 2015 earnings.

Overall, Samsung is still doing better than last quarter’s 51.6 trillion won with overall earnings at 53 trillion won ($46.4 billion). Declining smartphone sales and poor exchange rates are said to be the cause of the low numbers. Final sales numbers will be released later this month.

Source: Samsung