Samsung has released it’s previous quarter’s (Q3 2014) earnings guidance and it does not look pretty for the world’s largest smartphone manufacturer. As per the figures based on K-IFRS, Samsung Electronics has a consolidated sales of around 47 trillion Korean won and consolidated operating profit at 4.1 trillion Korean won, which is lesser than what Samsung had reported in Q2 2014 or a whopping 60 percent drop in operating profit in comparison to Q3 2013.
Although these figures are just an estimate for investors, media and analysts, the reported result will be in a similar range.
Samsung will publish the quarterly result by end of this month.
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