Samsung continues to be making a ton of cash, however 2016 will probably be robust

Samsung is still making a ton of money, but 2016 will be tough

Korean mega-tech firm Samsung simply dropped its fourth quarter outcomes and whereas the brief time period appears meh, yr-over-yr it is doing fairly properly. It posted an working revenue of $5 billion through the quarter that led to December a drop from the third quarter working revenue of $6.1 billion. However quarterly revenue was a rise of sixteen.2 % over final yr’s fourth quarter outcomes. It blamed the quarterly drop on slowing demand for top-finish cell phones, weakened costs for reminiscence and LCD panels and “international financial headwinds.”

Like Apple, the tech firm warned that 2016 shall be a troublesome enterprise setting. To assist spotlight that, it is quarter to quarter income fell, it is quarter-to-quarter gross sales elevated three %.

Some brilliant spots within the outcomes embrace shipments of tablets and tv rising within the fourth quarter. The Word 5 and mid-low degree smartphones shipments elevated this yr. It bought 9 million tablets final quarter. For the TV market, it cites sporting occasions just like the Olympics as a vibrant spot on the horizon for TV gross sales within the coming yr.

The corporate can also be hoping that its IoT, wearables and sensible well being companies will turn into extra related to the corporate’s backside line sooner or later.

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