Samsung Electronics reported operating profits of $6.06 billion (6.9 trillion Won) for the quarter ended June 30 2015, with 40% of it coming from the IT & Mobile Communications Division (IM). This division reported profits of $2.43 billion (2.76 trillion Won) from revenues of $22.91 billion (26.06 trillion Won). Mobile division Out of the total IM earnings, the mobile business accounted for $22.42 billion (25.50 trillion Won) in revenues. Revenues from mobile segment were up 2% from $21.99 billion (24.99 trillion Won) in the previous quarter, and down 9% from $21.97 billion (27.51 trillion Won) in the same quarter last year. It accounted for 51.5% of Samsung’s overall revenues. During this quarter, overall revenues increased slightly as ASP (average sale price) improved due to S6 sales; Profit increased marginally QoQ due to the decrease of mid/low-end smartphone shipments and increased marketing expenses. As always, the company has released very little operational detail, hence it’s not clear how much the decline really is. Smartphone shipments decreased QoQ due to low sales for older mid/low-end models, however ASP increased significantly driven by improved product mix. Operational Highlights – In March this year, Samsung said it would invest as much as $500 million to $1 billion in a manufacturing unit that would produce smartphones and tablets in India. Tamil Nadu and Gujarat are the other states the company considered for the plant. The same month, the company officially announced its Galaxy S6 and S6 Edge smartphones at the MWC. It also launched Samsung Pay, which would…
