Samsung says that fourth quarter smartphone sales declined, tablet sales rose
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Samsung reports its latest quarterly numbers
Samsung has just released its earnings for the fourth quarter of 2015, and announced that a year-end inventory adjustment led the company to report a decline in smartphone shipments when compared to the third quarter. Besides the sequential decline in shipments, sales declined as well thanks to a product mix that favored low to mid-range handsets.
For the fourth quarter of 2015, Samsung's mobile division had $21 billion USD in sales, down 4.9% year-over-year and 6% sequentially. Operating profits amounted to $1.85 billion, up 13.8% year-over-year, but a 7% decline from the prior quarter. For all of 2015, the mobile division rang up $87 billion in sales for the year with operating profits of $8.5 billion. That is a 7.3% drop in sales from 2014, and a 30% drop in profits.
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