Samsung flags 15% increase in Q4 operating profit

January 7, 2016
A man looks at Samsung Electronics' Galaxy Note5 at its showroom in Seoul on October 29, 2015
A man looks at Samsung Electronics' Galaxy Note5 at its showroom in Seoul on October 29, 2015

Samsung Electronics on Friday flagged a 15 percent increase in 2015 Q4 operating profit, rounding off a year in which the world's largest smartphone producer struggled with intense competition from arch-rival Apple and cut-price Chinese competitors.

In an earnings estimate, the South Korean tech giant predicted an of 6.1 trillion won ($5.1 billion) for the October-December period, up from 5.4 trillion won a year earlier.

Explore further: Samsung Electronics flags 30.5 percent on-year drop in Q1 profit

Related Stories

Samsung tips record Q4 operating profit of $4.5bn

January 6, 2012

Samsung Electronics said Friday it expects a record operating profit in the fourth quarter of 5.2 trillion won ($4.5 billion), 73 percent up year-on-year thanks mainly to strong smartphone sales.

Samsung 3Q operating profit surges, shares jump 9 percent

October 7, 2015

Samsung Electronics announced a forecast-beating profit for the third quarter Wednesday, sending its share price up nearly 9 percent, but analysts said strong component sales and favorable currency exchange rates masked persistent ...

LG profit sinks as smartphone business suffers loss

October 29, 2015

LG Electronics said Thursday its mobile communications division suffered its first operating loss in more than a year, dragging down the company's overall earnings for the third quarter.

SK Hynix Q4 profit doubles to record level

January 28, 2015

South Korean chipmaker SK Hynix said Wednesday its profits more than doubled in the fourth quarter to a record high, thanks to the soaring popularity of new mobile devices such as Apple's iPhones.

Recommended for you

What do you get when you cross an airplane with a submarine?

February 15, 2018

Researchers from North Carolina State University have developed the first unmanned, fixed-wing aircraft that is capable of traveling both through the air and under the water – transitioning repeatedly between sky and sea. ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.