People look at Samsung Galaxy S6 phones during a pre-launch event in Singapore April 10, 2015. REUTERS
SEOUL: Samsung Electronics flagged a 15% increase in 2015 Q4 operating profit, rounding off a year in which the world’s largest smartphone producer struggled with fierce competition from arch-rival Apple and cut-price Chinese competitors.
In an earnings estimate, the South Korean tech giant predicted an operating profit of 6.1tril won (RM22.30bil) for the October-December period, up from 5.4tril won (RM19.73bil) a year earlier.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
