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Samsung forecast upbeat despite falling revenues


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Samsung forecast upbeat despite falling revenues

A 30% fall in operating profit in the first three months of 2015 might sound terrible, but Samsung are smiling about the better-than-expected forecast numbers for Q1.

The South Korean tech giant still made a 5 billion euro profit, and in absolute terms the quarter was the most profitable in nearly a year.
A year ago the quarter made Samsung nearly 8 billion.

The forecast’s estimate-beating did not end there, though, as revenues, at 12.4% off, were lower than expected, by some 2.7 billion euros’ worth of business.

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