Samsung has already reported a profit drop for 2014, and many are hopeful things will pick up in 2015. Unfortunately, analysts believe that profits will continue to slide in 2015.
Although final numbers aren’t in for 2014, it’s expected that Samsung’s net profits will have dipped 27.3 percent this year to 22.1 trillion won ($2.03 billion). 2015 will also show a drop, but the good news is that it won’t be as much. Analysts are predicting only about a 6 percent drop to 20.8 trillion won ($1.91 billion) for 2015.
Analysts are still predicting sluggish sales for the Galaxy flagship, which will be the Galaxy S 6 this year. There is just too much competition from other Android manufacturers and Apple has finally joined the larger display party. Better performance from memory chips could help, but analysts appear to be split on that issue.
Once the king of the ring is now the underdog. This is going to be a crucial year for Samsung.