Samsung posts Q2 2015 financial results, confirms new Galaxy with "larger screen" for later this year


Samsung today posted financial results for the second quarter (Q2) of 2015, which ended on June 30. The South Korean giant reported a revenue of $41.7 billion (48.54 trillion KRW), and an operating profit of $5.93 billion (6.9 trillion KRW). Both numbers are slightly higher than the numbers from last quarter.

According to Samsung, the quarter-on-quarter improvements came after strong sales in the Semiconductor Business (including processors and memory products), while its TV business also played an important role.

Samsung's IT & Mobile Communications Division (responsible for smartphones, among other things) posted revenues of $22.4 billion (26.06 trillion KRW), and net profits of $2.37 billion (2.76 trillion KRW). Revenues only improved "slightly" over the last quarter, because, despite increased Galaxy S6 and S6 edge shipments, there was a drop in overall smartphone shipments (more exactly, low- and mid-end models didn't sell too well).

Samsung says that, in the second half of 2015, it will "flexibly adjusting the prices" of the S6 and S6 edge, while also releasing "a new model with a larger screen." This new model is, most likely, the Galaxy S6 Edge Plus, which is expected to be announced on August 13 alongside the Galaxy Note 5.

You can find out more about Samsung's Q2 2015 financial results at the source link below.

source: Samsung Tomorrow

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