Samsung released its earnings guidance for Q1 2015 this evening. Once again, the company predicts it will post a drop in operating profits and revenue.
Samsung expects its operating profit between January and March to be about 5.9 trillion won ($5.43 billion), beating the analyst-estimated 5.3 trillion won ($4.8 billion). Total revenue is said to be about 47 trillion won ($43.2 billion), which is slightly lower than expected.
Although profits beat analyst expectations, this reflects a 30 percent drop in profit year over year. Overall sales also dropped 12 percent that same period. Although Samsung did not offer its own explanation, this sharp drop is mostly due to Samsung’s declining market share.
The electronics giant is entering a crucial quarter with the release of its Galaxy S6 and S6 Edge phones.
Samsung plans to release its official Q1 2015 report at the end of this month.
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