Samsung reports Financial Results of Q4, 2014

Samsung did really good in the past year and they have just announced their earnings for their fourth quarter. They earned a total profit of KRW 5.35 trillion on sales. They made KRW 52.73 trillion from sales.

Samsung’s financial year ended on 31st December 2014 and they have just announced their financial results. In the last quarter, they earned KRW 52.73 trillion. This was an 11 percent increase when compared to their last quarter.

Samsung also said that the operation cost for this quarter was KRW 5.29 trillion. The operating cost was increased for the last quarter and it was KRW 1.23 trillion more to when compared with the last quarter.

Samsung has an earning’s guidance and this year it was held on 8th January 2015. In this meeting they disclosed that Samsung’s estimated revenue would reach almost KRW 5.20 trillion.

The earning’s guidance meeting also said that the operating cost would reach KRW 5.2 trillion. In the last quarter, Samsung earned through its Device Solutions department. The company also sold memory products and there was also an increase in the sales of their 20 nano-meter mobile application processors.

amsung haven’t disclosed the number of phones they have sold. They only reported that they shipped 95 million smart phones. Seventy percent of those smart phones included high end devices.

It is being said that the Samsung sales weren’t that good during the holidays and many analysts are saying that they sold products between 71 to 75 million. Whereas Apple on the other hand sold 74.5 million iPhones.

People always knew that Apple made quality products but the main reason was that their phones had really small screens. Even when Apple released its iPhone 5 and 5s, their screens were too small when compared with the Samsung flagships.

Tim Cook was really happy with his team and this is why they sold so many iPhones this year. iPhone screens were increased and now the iPhone 6 was a 5 inch screen. Many android users shifter to iOS when Apple announced that their new phones are going to have big screens.

Other companies like HTC and Sony have also been affected by the new iPhones. If Samsung don’t bring something revolutionary to the table, they might lose their market and Apple could end up on the top of the food chain.