Samsung has announced its earnings guidance for Q2 2015 and it would appear that Samsung has missed previous estimates on its earnings for the quarter.
The company announced that it is expecting its operating profit to be 6.9 trillion won, which is about $6.13 billion, this is down around 4 percent on the same time last year.
Samsung also announced that its consolidated sales for the quarter were 48 trillion won, this is down e8 percent on the same quarter last year.
The company had expected to increase their profits for their latest financial quarter, but there were apparently supply issues of their Galaxy S6 Edge smartphone, which meant that Samsung was not able to meet the demand for the handset.
Samsung has apparently fixed the supply issues for the S6 Edge, it will be interesting to see if this improves Samsung’s earnings in their next financial quarter.
Source TechCrunch
Filed Under: Technology News