Samsung actively pressed the Chinese competitors. Bloomberg reported citing preliminary Samsung statements, the trend resulted in a decrease in operating profit for the fourth quarter of last year by 37% compared to the same period of 2013. However, Samsung still worked better than analysts' expectations, received in the form of operating profit $ 4.7 billion.
Revenue from sales in the fourth quarter reached $ 47 billion. - 12% lower than a year earlier. Samsung's operating profit falls for the fifth consecutive quarter, and the company expects the first time in 2011, it will have to be faced with a reduction in annual profits. Samsung in the smartphone market is losing ground for the third consecutive quarter. According to independent estimates, the company receives from the sale of smart phones less than a third of total revenue and about 44% of the profits. To combat the negative trend Samsung is going to cut down the number of smartphones by 30%, to pay more attention to the development of the semiconductor business and home appliances segment.
At the direction of the semiconductor operating profit in the last quarter Samsung could increase by 35% compared with last year, and it's a good sign. Hoping for the best Samsung in October announced its intention to build in south of Seoul a new chip factory. Most likely, the issue of semiconductor products in the last year Samsung will have more operating profit than from the issue of smartphones. A detailed report on the results of the fourth quarter and the entire 2014 Samsung will release in late January.