Samsung has released its earnings guidance for Q4’15, estimating consolidated sales of KRW53 trillion ($43.5 billion), and operating profit of KRW6.1 trillion ($5 billion).
The profit represents a 15% YoY rise, from KRW5.4 trillion ($4.4 billion) in Q4’14, although was down QoQ. It was also below the KRW6.6 trillion ($5.4 billion) estimated by Bloomberg analysts.
Samsung lost more than $8 billion in market value in 2015, mostly due to the poor performance of its smartphone and consumer electronics divisions. However, the chips and displays businesses continued to perform well.
CEO Kwon Oh-hyun has told employees that Samsung’s low global growth will continue this year, said the Shanghai Daily. There is uncertainty arising from several issues, such as financial risks in emerging countries.
