Man, Samsung just isn’t having an easy time. Despite being the world’s largest smartphone manufacturer, the South Korean company has been struggling with quarterly financial results in its smartphone business thanks to increased competition who’re launching products of similar quality for far cheaper than Samsung’s own offerings. As a result, Samsung expects the first quarter of 2015 to yield another year-over-year low.
Samsung has been struggling with the quarterly revenue and profits for the past year in its smartphone business, a result of increased competition from other brands offering up less expensive options but with near equally as impressive and powerful specifications. Although Samsung’s future quarterly earnings for the remainder of the 2015 calendar year could end up positive thanks to the upcoming launch of the Samsung Galaxy S6 and Galaxy S6 Edge, Samsung today posted estimates of what it expects out of it’s 2015 first-quarter revenue and profit earnings, which they state are expected to decline nearly 30 percent compared to the same period last year. Samsung did mention however, that their estimates come out ahead of what analysts thought would be posted for the three-month time period ending from the beginning of the year up until March 31st, which was expected to be about 5.5 trillion Won.