Samsung has released its latest financial results for the first quarter of 2014, the company reported a first quarter operating profit of 8.49 trillion won, which is around $8.2 billion US dollars.
The latest quarter results are down 3.3 percent on the same time last year, and their mobile division has profits of 6.43 trillion won, which is down slightly from 6.51 trillion won on the same quarter last year.
“Samsung is expected to see profits rally in the second quarter and beyond, on the back of improved sales of display panels and home appliances,” Samsung said in a statement. “Orders for display panels that are used for premium smartphones and TVs are expected to increase, as new mobile devices are rolled out into the market and as consumers look forward to the upcoming World Cup in Brazil.”
Samsung recently released the Samsung Galaxy S5, which is expected to help the company boost profits in its next financial quarter.