Samsung has suffered from declining smartphone sales, sees silver lining with OLED




Samsung has suffered from disappointing smartphone sales. The profit of the company consequently has decreased by almost 40 percent in the past quarter. However, the company expects an increase in sales by the Galaxy S6 and the increasing demand for high-end televisions.

The disappointing smartphone sales provide a significant decline in earnings: Samsung saw this amount to 3.9 billion euros, a decline of more than 39 percent from the first quarter of 2014. Also, sales fell 12 percent to just over 40 billion.

The notes on quarterly figures show that the mobile division of Samsung in the last quarter managed to achieve a profit of 2.33 billion converted. The first quarter of last year, this division accounted for a profit of 5.48 billion euros. The turnover of the mobile arm fell 20 percent to 25.89 trillion won, or 22 billion euros.

According to Samsung mainly do budget phones and smartphones in the middle the poor and the electronics giant thinks these segments continue to make do bad. The tablet sales are disappointing. The electronics company also pinned his hopes on the Galaxy S6 and S6 Edge, two high-end phones in the sales figures only count from the current quarter.

Another bright spot is the higher sales of high-end televisions. Late last were uhd TVs accounted for 8 percent of sales from the CE division of the manufacturer. In the first quarter of this year has risen to 11 percent. Samsung expects the rest of the year to sell more of such premium products.

These premium products are also relevant for Samsung panel division, since this division last quarter have increased demand for OLED panels saw while demand for LCD panels in comparison with the previous quarter fell by almost 10 percent. Samsung expects to more precisely OLED displays produce, though the company is more cautious with his predictions.


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