Samsung has disclosed its earnings for the first quarter of 2015 today, reporting an decrease in revenue and slight increase in operating profit over the previous quarter.

Overall, Samsung brought in an operating profit of $5.63 billion (KRW 5.98 trillion) on revenues of $44 billion (KRW 47.12 trillion). These numbers largely line up with the company's guidance released earlier this month, marking a drop in operating profits from $7.8 billion (KRW 8.49 trillion) year-over-year.

On the mobile side of things, specifically, Samsung reports an operating profit of $2.5 billion (KRW 2.74 trillion) on consolidated revenues of $24.1 billion (KRW 25.89 trillion). Overall, Samsung notes that smartphone sales have increased largely due to interest in its mid-range Galaxy A series, though revenues dipped slightly quarter-over-quarter due to a decrease in tablet and feature phone sales.

Going forward, Samsung says that it plans to respond "to the growing middle- to low-end market with a streamlined lineup." It will be interesting to see if a streamlined low and mid-range lineup, combined with the company's latest flagships, the Galaxy S6 and Galaxy S6 Edge, will have a positive impact on the Samsung's financials going forward.

Source: Samsung