Samsung earnings up 15 percent, however disappoints

Samsung Electronics said Friday that its operating profit in the fourth region of last 12 months turned into in all likelihood to be 6.1 trillion received (US$5 billion), up through 15 percent from the same quarter a 12 months in the past.

The steerage is, but, decrease than analysts' estimates, and a long way decrease than the round eighty percent growth in operating income the corporation suggested in the 1/3 zone, indicating that slowing boom in China and mature phone markets may additionally have affected the South Korean maker.

the majority of extent and increase in the cellphone market will come from low to mid-variety handsets, mainly in rising markets, IDC said in October. Samsung has added some of low-cost telephones but it's miles up towards low-fee chinese language gamers and nearby players in rapid-developing markets like India.

Samsung does now not split the overall performance of its various divisions or provide internet income information until its release of audited effects later this month.

The business enterprise stated its income had been in all likelihood to be 53 trillion gained in the sector, up from 52.7 trillion gained within the equal area last yr.

The business enterprise stated, whilst announcing its 0.33 sector outcomes, that it predicted better market call for for cellular phones and drugs towards the cease of the yr, however competition might get more potent.  It forecast that with the aid of 2016, the growth fee for the phone market became predicted to "slow down continuously, as compared with previous years."

except smartphones, Samsung makes a ramification of different electronic devices like TVs and additives like reminiscences and displays. it's also a key thing dealer to the telephone industry. At CES this week, the enterprise made a sturdy pitch for the net of factors market, indicating that the enterprise is looking at many extra possibilities beyond smartphones. The agency's IT and cell communications division, however, accounted for more than 1/2 of income in the 1/3 quarter.