A decline on expected annual profit of Samsung Electronics Co, a smartphone global leader, was announced last Thursday. This was based on the company’s overall performance since 2011, though picking up during the year’s fourth quarter, which hinted that the company’s overall earnings have stabilized shortly.

Samsung lost significant market share for almost three consecutive quarters, leading  analysts to conclude that the current trend will likely to continue till October to December. This is mainly because of the current competition the company is facing against Apple Inc, specifically their new iPhone models and even Chinese rivals, though cheaper, Xiaomi Inc.

Meanwhile, positive expectations regarding the company’s memory chip products were reported because of increasing demand. This is added with significant improvements in Samsung’s mobile business specifically the release of mid-to-low tier new smartphone models. These developments are boosting the company’s hopes to significantly improve overall quarterly earnings.

Lee Do-hoon, a CIMB analyst, stated that this year, Samsung will eventually show a turnaround emphasizing on the company’s current positive outlook on its display panel and foundry businesses.

The annual profit of Samsung Electronics Co for the fourth-quarter is estimated to reach about 5.2T won, or $4.74B, which is a bit higher compared to a forecast predicted by 44 analysts from a survey by Thomson Reuters I/B/E/S survey which was 5T.