Samsung Electronics forecasts $5.44bn in quarterly operating profit
April 7 , 2015
Mobile phone maker Samsung has forecast a $5.44-billion quarterly operating profit for the January-to-March period, media reports said.
Though the figures are better than market expectations, they would represent a drop of over 30% in profit compared to the previous year.
The South Korean firm said that it expected sales worth $43.16 billion for the same period.
The company’s mobile phone division faces tough competition from firms such as Apple and Xiaomi.