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A few weeks ago, Samsung warned investors that its first-quarter profit would decrease by about 60% compared to the same period in 2018. The detailed report has now arrived, confirming this forecast with a profit of 39%. operating $ 5.4 billion, reflecting a 23% decline in revenue from its memory chip business. Samsung also suffered smaller decreases in the consumer electronics and mobile divisions.
Still, the company says that "the Galaxy S10 smartphone, recently launched, has posted strong sales." Combined with its mid-range A series, it expects market demand to increase slightly in the next quarter, even as prices fall.
The Galaxy Fold product, which was not mentioned in the report, was not mentioned in the report, but the future of foldable devices is expected to further boost the profits of its display division. He still believes that foldable devices, along with the Galaxy Note and 5G, will help "reinforce" his leadership in premium smartphones. His call for results is still in progress, if there is any notable news, we will update this post.
Update: In response to a question, Samsung executives have announced their intention to announce a new launch date for the Galaxy Fold in the coming weeks. They still believe that it will find a place as a high-end device for consumers looking for a new kind of experience and their belief that it will create a new category of business. Devices has not changed.
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