Samsung is expected to make operating profits of 8.4 trillion Korean Won in the first quarter of the year, which is approximately $7.9 billion. This is a 4% decline in profits compared to the same period last year, so it’s clear that the company is not having the best of times in the industry.

Samsung Electronics announced its first quarter revenues of 52.87 trillion won ($47.6 billion) for the quarter ending March 31, 2013. This is a six percent decrease from last quarter. Operating profit was reported at $7.9 billion, a one percent decline quarter-over-quarter from last year’s Q1.

The report, available in a handy PDF, states that the IT and Mobile Communications Division brought in $29.5 billion of that profit, however, which represents a seven percent increase from last quarter.

In a mobile industry that’s simply booming, there’s only two phone vendors reaping the majority of the benefits: Samsung and Apple. In Q1 of 2012, Apple and Samsung combined for 99% of mobile phone vendor profits — the remaining 1% belonged to HTC. Independently, Apple holds the lion’s share of profits with an incredible 73% of operating profits thanks to carrier premiums for the iPhone 4S. Samsung, while leading in mobile phone shipments, only grabbed 26% operating profits — which isn’t really that bad considering every other carrier (other than HTC) managed to face significant losses.