Samsung won in 2015, a 18.53% less than last year – World

 1/27/2016 8:48:00 p.m.
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 EFE .-

Samsung Electronics today announced a net profit of 19 trillion won (14,392,000 euros / 15.694 million dollars) for 2015, an 18.53 % less than the previous year due to declining sales of smartphones and chips.

The technology giant’s operating profit amounted to 26.4 trillion won (19.998 million euros / 21.807 million dollars), 5.55 percent more than the previous year.

However, sales fell 2.69 percent to 200.6 trillion won (151 946 000 euros / 165 945 000 US dollars), according to results published today by the South Korean company.

Samsung Annual results have been weighted by fourth quarter of 2015 particularly negative , in which the company net profit plunged 39.7% yoy to the 5.34 trillion won (4.049 million euros / dollars 4.413 million).

This drop is mainly due to low demand for its high-end smart phones and the falling prices of microchips by increased competition the sector, according to South Korean analysts said.

The company, meanwhile, explained that the overall decline in sales of personal computers has hurt to its semiconductor activities, but noted that the “solidity” of their areas mobile phones and servers made up for this fall, in a statement.

Between October and December last year, sales turnover grew 53.3% to 1.11 trillion won (40,429,000 euros / 44.056 million dollars ).

Also, operating profit rose 16.15% , up 6.14 trillion won (4.657 million euros / dollars 5.075 million).

The mobile phone business of Samsung, which contributes about half of its total revenue, registered a net profit of 2.23 trillion won (1,691 million euros / $ 1.843 billion) in the fourth quarter, 13 percent more than the previous year.

The profitability of South Korean manufacturer has been hurt by rising Chinese manufacturers of smartphones with more competitive prices and greater fraction of the market occupied by low-end mobile phones, according to local analysts.