Samsung Q2 earnings fall, mobile device sales disappoint
by from Techreport on (#FXKS)
Samsung Electronics has released its Q2 2015 financial report. Sales were down approximately 8% from the year-ago quarter, totalling 48.54 trillion Korean won ($41.3 billion). Operating profit was down 5% compared to Q2 2015, at 6.90 trillion KRW ($5.8 billion) for the quarter.
Samsung's smartphone sales declined, with the IT & Mobile division's sales down 10% to 26.06 trillion KRW ($22 billion), contributing 2.76 trillion KRW ($2.2 billion) in profit. The profits represent a drop of more than 37% from a year ago. Q2 sales and profits were down for the second straight year. Q2 smartphone sales were down from the previous quarter, as well, and Samsung blames lower sales of ...