Operating profit fell by 640 billion won (around SEK 4.9 billion) and is down 95 percent compared to the same quarter last year.
Net profit for the quarter landed at 1.57 trillion won, corresponding to a decrease of 86 percent. Sales fell 18 percent to 63.75 trillion won.
Samsung has previously warned of profit as the prices of microchips and memory cards plummeted as a result of the decline in demand for electronics such as mobile phones and computers.
The company announced earlier in April that chip manufacturing will decrease in the short term due to large inventory levels.
During the fourth quarter last year, operating profit plummeted by 69 percent.