Up Next on Rapida

ADVERTISEMENT

Published Date

04/30/2019

Post Owner / Author

Tekiguy

Post Category

Tech

ADVERTISEMENT

Samsung’s Q1 earnings are in and, as the corporate itself predicted, they don’t make for fairly studying.

The Korean big noticed income for the three-month interval fall by 13 % year-on-year to 52.four trillion KRW, round $45 billion. In the meantime, working revenue for Q1 2019 got here in at 6.2 trillion KRW, that’s a whopping $5.33 billion nevertheless it represents a decline of giant 60 % drop from the identical interval final 12 months. Ouch.

Samsung’s Q1 final 12 months was admittedly a blockbuster quarter, however these are huge declines.

What’s occurring?

Samsung mentioned that gross sales of its new Galaxy S10 smartphone have been “stable” nevertheless it admitted that its reminiscence chip and show companies, so typically probably the most profitable models for the corporate, didn’t carry out properly and “weighed down” the corporate’s outcomes total. Regardless of these obvious S10 gross sales, the cellular division noticed earnings drop “as competitors intensified.” In the meantime, the show enterprise posted a loss “as a result of decreased demand for versatile shows and rising market provides for giant shows.”

That’s all about on par with what analysts have been anticipating following that overly-optimistic Q1 earnings forecast made earlier this month.

The instant future doesn’t look terribly rosy, too.

Samsung mentioned the general reminiscence market will doubtless stay gradual in Q2 though DRAM demand is anticipated to get well considerably. It isn’t anticipating an excessive amount of to alter for its show enterprise, both, though “demand for versatile smartphone OLED panels is anticipated to rebound” which is the place the corporate plans to position specific focus.

On the buyer facet, the place most readers know Samsung’s enterprise higher, Samsung expects to see improved gross sales in Q2, the place shopping for is larger. It additionally teased a brand new Notice, 5G gadgets — which is able to doubtless restricted to Korea, we suspect — and that foldable telephone.

The Galaxy Fold has been delayed after some journalists discovered points with their overview models — Internet’s personal Brian Heater was superb; he even loved utilizing it. There’s no particular point out within the quarterly report of a brand new launch date nevertheless it appears like the discharge shall be mid-June, that’s assuming what AT&T is telling prospects is correct. However we’ll want to attend a couple of weeks for that to be confirmed, it appears.

Please complete the required fields.
Flagged Contents are reviewed by Our Moderators 24 hours a day, seven days a week to determine whether they violate Community Guidelines. Accounts are penalized for Community Guidelines violations, and serious or repeated violations can lead to account termination.




Samsung sees Q1 revenue plummet 60% – Internet 1

How was the Post?

ADVERTISEMENT
ADVERTISEMENT

Contents You May Like

Log In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Login to your account