Samsungs Q2 2015 earning point to slight bump in mobile revenue

Samsung has disclosed its earnings for the second quarter of 2015, reporting an operating profit of $5.9 billion (KRW 6.9 trillion) on total revenues of $41 billion (KRW 48.54 trillion). This lines up with what Samsung forecasted, showing a drop in operating profits from $6.17 billion (KRW 7.19 trillion) year-over-year.

Concerning its mobile division specifically, Samsung reports that its operating profits were up slightly over the previous quarter at $2.36 billion (KRW 2.76 trillion) on consolidated revenues of $22 billion (KRW 26.06 trillion). Samsung points to the release of the Galaxy S6 and Galaxy S6 Edge as the reason for the slight bump in quarter-over-quarter revenue, but notes an overall decline in shipments in the middle and low-end smartphone segments.

Though Samsung notes that the tablet market is expected to shrink in the second half of 2015, it plans to address demand with its Galaxy Tab A series, as well as an unannounced product. The company also expects to maintain sales in the high-end smartphone segment "by flexibly adjusting the price of the Galaxy S6 and S6 edge, and launching a new model with a larger screen."

Source: Samsung

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