Samsung Electronics warned investors that it would earn less money this quarter Lot and, in fact, the company announced only profits from the first quarter, in which profits fell 60 percent year on year were (from 15.64) trillion won (about 13.4 billion US dollars) to only 6.2 trillion won (about 5.3 billion US dollars).
But unlike Google today, the company does not blame its expensive phones for anything Samsung thinks the Galaxy S10 series actually sold well. The company shipped a total of 78 million cell phones (as well as 5 million tablets) during the quarter. and that any weaknesses in cell phones can be explained by the low and mid models, which shorten sales of last year's Galaxy models. (Much of Samsung's new mobile strategy is that mid-range phones, such as the new A-Series, are equipped with hot features.)
Samsung expects to ship a few more phones in the next quarter.
The reasons for the decline are essentially the same as in the last quarter: The declining demand for memory chips, which is true by Samsung and the demand for displays. The company says that things will improve in the second half of the year, with more demand for flash memory in servers as well as smartphones with 256GB of memory and more, and the company says that more processors and modems will actually be delivered Image sensors slow down ̵
Samsung initially did not mention the fake Galaxy Fold smartphone during the conference call, but answered a phone question by saying the company announced an updated startup schedule "in the coming weeks." It is possible that the date will be in the second half of the year, depending on how you express this passage in our press release:
For the second half of despite the intensified market competition, Samsung expects an increase in the Smartphone sales, led by new models in all segments from the Galaxy A-Series to the Galaxy Note in the midst of a strong seasonality. In the premium segment, the company will strengthen its leadership position with the new Galaxy Note as well as its innovative products such as 5G and foldable smartphones
. In general, the company predicts that the increasing demand for flexible displays may support some unspecified "new smartphone launches", but the demand for flexible displays is also "soft" for the time being. The company's display business relies on other, non-flexible smartphone screens to "rebound" the division.
Here's the company's slide-deck if you want to keep track of revenue.