Drop in profits at Samsung

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Balance sheet

Drop in profits at Samsung

Like arch-rival Apple also feels the Smartphone giant Samsung, a significant slowdown in the business. In the fourth quarter of 2015 fell in the net profit by 40 percent.

The South Korean Elektronikriese Samsung in the fourth quarter of 2015, a significant damper: Due to slowing demand for Smartphones and memory chips went in the net profit compared to the same period last year by 40 percent, as the company on Thursday in Seoul announced.

The group took between October and December, below the line, the 3.2 trillion Won (2.4 billion euros), analysts had expected more. Operating income increased, however, compared to the same period last year by 16.1 percent to 6.1 trillion Won.

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Decrease in profit for the 2016 fears

These Numbers in the year 2016 to maintain, will be a challenge because of “the difficult business environment and the decline in demand for information technology,” said Samsung. The market capitalization of the company was 2015 to eight billion dollars, has shrunk. The latest model of Smartphone from Samsung, the Galaxy S6, had not sold well as we had hoped.

Samsung is not the only Smartphone manufacturer, the headwind felt. On Tuesday had Apple CEO Tim Cook said that the US company is expecting for the current quarter a decline in iPhone sales.

In the fourth quarter of 2015 sold Apple EUR 74.8 million of its Smartphones, almost as many as in the same period (from 74.5 million). This was the lowest growth since the launch of the iPhone in 2007.

zdh/ul (afp, dpa, rtr)