Samsung has issued its guidance report for the first quarter of the 2015 fiscal year today, and it expects another quarter of declines compared to the same quarter a year ago.
According to the guidance report, Samsung predicts operating profits of between 5.7-6.1 trillion won (roughly $5.2-5.6 billion), which would be down from 8.49 trillion won ($7.8 billion) year-over-year. As far as sales are concerned, Samsung says that it expects them to land between 46-48 trillion won (roughly $42-44 billion), down from 53.68 trillion won ($48 billion) over the same period a year ago. Both profits and sales are also expected to be lower than the previous quarter, which makes sense given this quarter's lack of holiday-driven sales.
These latest estimates follow a series of downturns in profits and sales for the Korean tech giant. However, it will be interesting to see if the release of Samsung's latest flagships, the Galaxy S6 and S6 Edge, will have a positive impact on the company's financials going forward.
As always, it's important to note that this is just a guidance, and the official numbers aren't expected to be released until later this month.