Samsung Q2 2015 profits down 8% YoY due to weak smartphone sales

Samsung Galaxy S6 vs S6 Edge_fonearena-11

Samsung has reported its earnings for Q2 2015, in which the company has managed to make operating profit of 6.90 trillion ($5.93 billion) for the quarter ended June 30, 2015, down 4% from 7.19 trillion won compared to the same quarter last year. It has reported net profit of 5.75 trillion won ($4.93 billion), down 8% YoY, on revenues of 48.54 trillion won, up 3% quarter-on-quarter (QoQ). Continue reading “Samsung Q2 2015 profits down 8% YoY due to weak smartphone sales”