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Samsung is still making a ton of money, but 2016 will be tough

An increase from last year, but a fall from last quarter.
Roberto Baldwin, @strngwys
January 27, 2016
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Korean mega-tech company Samsung just dropped its fourth quarter results and while the short term looks meh, year-over-year it's doing pretty well. It posted an operating profit of $5 billion during the quarter that ended in December a drop from the third quarter operating profit of $6.1 billion. But quarterly profit was an increase of 16.2 percent over last year's fourth quarter results. It blamed the quarterly drop on slowing demand for high-end mobile phones, weakened prices for memory and LCD panels and "global economic headwinds."

Like Apple, the tech company warned that 2016 will be a difficult business environment. To help highlight that, it's quarter to quarter profits fell, it's quarter-to-quarter sales increased three percent.

Some bright spots in the results include shipments of tablets and television growing in the fourth quarter. The Note 5 and mid-low level smartphones shipments increased this year. It sold nine million tablets last quarter. For the TV market, it cites sporting events like the Olympics as a bright spot on the horizon for TV sales in the coming year.

The company is also hoping that its IoT, wearables and smart health businesses will become more relevant to the company's bottom line in the future.

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