Company Last night, Samsung presented the financial results for Q4 2015, the company's profit being in decline because of the mobile division, which unfortunately failed to recover after several fiscal quarters of constant problems.
According to Samsung, net profit fell by 40% to 2.7 billion dollars compared to the same period last year. We are talking about a serious reduction in the money that remains in the company's accounts, and this is due to weak smartphone sales globally.
For the whole year 2015 Samsung's revenues fell by 2.5% to 165 billion dollars, and here we are not talking about an extremely big problem like in the case of the profit for Q4 2015, but it is clear that things are not going as well for the Koreans as in the past years.
If Apple announced record revenue and profit in Q4 2015, those from Samsung did not come with such good news, and the main culprit reported by them is poor smartphone sales due to competition from Apple and various manufacturers Chinese people.
In Q4 2015, Samsung sold a little over 82 million smartphones, with 8 million units more than the Apple company, but despite this, its profit was much lower than that of Cupertino.
That being said, Samsung he didn't have such a great Q4 2015 and things don't seem to be getting better any time soon.
