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Samsung has released earnings forecasts for its second quarter, which indicates the slowest quarterly growth for more than a year – the lack of new ideas to sell high-end smartphones slows the results of the # 1 39; company.
announces an estimated profit of 14.8 trillion Korean won (13.2 billion USD) on revenues of 58 trillion Korean won (51.9 billion USD) for the quarter
Samsung's expectations are lacking 14.9 trillion won according to 18 badysts polled by Thomson Reuters The forecast for the second quarter is comparable to the profit of 15.64 trillion South Korean won (USD 14 billion) on a turnover of 60.56 billion South Korea's Won (USD 54.2 billion) for its Q1 – when Samsung recorded record operating profit due to growth in its semiconductor business and the global launch of its flagship Galaxy S9 smartphone .
Despite this high level, he had prepared investors for a lowdown T2 – warning in April of difficult conditions, citing the weakness of the screens segment and a decline in profitability on the mobile side, in a context of heightened competition in the market. segment of high-end smartphones.
At the same time, the global smartphone market is down – even in China, the growth engine of the past for smartphones after saturation of Western markets. Samsung's smartphone sector is therefore facing a double reduction in sales opportunities and increasing competition from Chinese companies Huawei and Xiaomi, two rival Android device manufacturers who have decided to increase their market share.
. profit, Apple, beats badyst estimates of iPhones shipments in its Q2 in May, despite a previous absence in the holiday quarter – showing the power of its high-end smartphone brand and a positive response, though slow, to its mobile iterating The return to Samsung, the company's positive history – pursuit of record growth for its chip business – still does not fill the smartphone-shaped profit hole in his books, even though restarts in the smartphone segment is becoming more difficult in a very difficult market.
The Galaxy S9 is a solid smartphone but offering more of the same diminishing returns in the highly competitive Android space. And investors are cautious, with hares [sss] from 1965 [1290] to Samsung down about 12% this year
A map on the forehead of the l & # 39; device innovation: Samsung has carved out its R & D work to build a foldable smartphone for several years. In anticipation of the launch of Apple's iPhone X last year, Samsung suggested launching a product in 2018.
However, this strategy is risky given the obvious manufacturing challenges and , beyond, the question of whether a smartphone is foldable. really the kind of mainstream innovation that could give a major boost to high-end handset buyers or be considered a niche gadget.
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