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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, April 29, 2015

Samsung Pins Smartphone Hopes on S6

Samsung Electronics reported a 20% year-on-year fall in revenues in its IT and mobile division to 25.89 trillion Korean won (24.3 billion US dollars) for the first quarter of 2015. That represents a slight improvement on the 22% decline in the fourth quarter of 2014.

In the second quarter, Samsung said it expects "earnings improvement led by increased high-end sales with S6 global expansion, while smartphone shipments to remain at similar level due to decreased mid/low-end sales. Expect marketing expenses to increase due to S6 expansion." source: Samsung statement

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