Samsung expects to take a 30% dip in profit for Q1 2015, but the Galaxy S6 should make up for that

Samsung has posted an early outlook for their Q1 2015 results, and the numbers don’t look great. Compared to the same quarter a year ago, the company suffered a 30% drop in profit, from 8.5 trillion Korean won (.79 billion) down to 5.9 trillion (.44 billion). That hit was also reflected in overall revenue with 47 trillion Korean won ( billion) compared to 53.68 trillion (.18 billion) a year ago.

Samsung has been on this downward slope for more than a year now largely thanks to their mobile division, though they haven’t experienced much of a drop off quarter-over-quarter. The company posted 52.73 trillion Korean won in total revenue last quarter, but just 5.29 trillion in profit. Increased profit on decreased revenue doesn’t seem to be a bad deal to us.

Still, Samsung needs to bounce back in a big way, and the company is hopeful that the forthcoming launch of the Samsung Galaxy S6 in just three days will change that. They’ve already recorded their highest pre-sales ever for a Galaxy S6 smartphone, and it’s poised to become one of the best selling Android smartphones of all time.

All of that is sure to help them recover quite nicely in 2015, and a renewed focus on premium products will certainly make people want to help them achieve that goal. We’ll have to wait for the full numbers at the end of the month to see what, exactly, caused the drop-off, and we’ll have to wait until next quarter’s results to see what impact, if any, the Samsung Galaxy S6 and S6 Edge will ultimately have.

[via Samsung]

HTC turns a modest profit of $11 million in Q1 2015

HTC’s numbers will never look as gaudy as Samsung and LG’s considering they don’t have their hands dipped in nearly the same amount of industries, but the company did do quite well for themselves in Q1 2015.

Revenue for Q1 2015 came in at about .36 billion (25% increase year-on-year), million of which has been marked as profit. That’s not amazing for a company that does business on a global scale, though considering HTC was losing tens of millions of dollars in previous years we’d say they’ve rebounded quite well.

Like Samsung, these results reflect a time just before the company’s latest flagship smartphone was released. The HTC One M9 hadn’t seen a global launch until early April, so their Q2 numbers stand to look far better. We’ve also got the HTC One M9+ and HTC One E9 on tap for several markets, as well as a number of mid-range options on the horizon.

Needless to say HTC has positioned themselves quite well to have a strong first half, though we’ll have to wait another couple of months to see if HTC One M9 can help fully restore them to the former glory they once enjoyed.

[via HTC]