Samsung results indicate possible recovery

Samsung's initial Q1 figures suggest that the South Korean giant may have turned a corner

Early results indicate that Samsung beat analyst expectations in Q1, signaling a potential turnaround after a rather dismal 2014.

The world's largest technology company by revenue estimated operating profit of Won5.9tn (£3.97bn) in the three months to March 31. While the figure was down 31% year-on-year, it was up 36% on the third quarter nadir.

2014 saw the South Korean powerhouse lose a significant chunk of the Chinese smartphone market, thanks in no small part to competition from low and mid range devices from the likes of Xiaomi. With the iPhone 6 selling well across all markets, Samsung has been feeling the pressure from all sides.

However, the estimated figures, which will be published in detail later this month, suggest that Samsung may have turned a corner. Its new flagship device – the Galaxy S6 – has been generally well received, after last year's iteration was criticised for not bringing anything new to the table.

Samsung has eggs in many baskets and so is able to take some fairly hard hits on the chin. It remains the world's largest manufacturer of televisions and is expected to produce the processor for the next version of the iPhone.  

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