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In the middle of the race, the display is also … The profit of Samsung Electronics has stagnated in four quarters. Samsung Electronics reported record operating profit in the fourth quarter of the first two quarters of this year (January-March) and the first quarter of this year (January-March), but sales and earnings of Both operations decreased QoQ in the second quarter. The collapse of the activities of smartphones and display has been pushed by the pursuit of Chinese companies. On the other hand, semiconductor activity is expected to generate the biggest operating profit ever recorded. Homework was left to reduce dependence on semiconductors and breakthroughs by division.
Samsung Electronics announced a provisional profit (consolidated base) of 58 trillion won in sales and operating profit of 14.8 trillion won in the second quarter on June 6. Both revenue and operating income decreased by 4.23% and 5.37%, respectively, quarter-on-quarter. The 2Q operating profit is below the market average of 15.27 billion won.
The operating profit of the smartphone business was about 2.3 trillion won, down 40% from the previous quarter. Samsung Electronics' share of the Chinese market fell to 1% due to the pursuit of Chinese companies such as Huawei and Xiaomi, and in India, Samsung ranked first in Xiaomi in the fourth quarter of the year. last year (October to December). Sales of the high-end smartphone "Galaxy S9" launched in March this year are also slow. Securities estimates the annual sales volume of the Galaxy S9 expected to be 28 million units this year.
The display sector also deteriorated due to the drop in LCD panel prices and the decrease in the amount of Organic Light Emitting Diodes (POLEDs). Last year, the Samsung Display division achieved operating profit of more than 1 trillion won in the previous quarter, excluding 3 trillion won (97 trillion won), but is expected to fall to 400 billion won this year. .
The only company that laughs is the semiconductor. Samsung Electronics is expected to post operating profit of W12trn, the highest level of semiconductor business in the second quarter. This represents approximately 80% of the preliminary operating profit of 2.4 trillion won in the second quarter.
Third quarter earnings are expected to improve compared to the second quarter. An electronics industry executive said: "We expect earnings to rebound as the high-end smartphone 'Galaxy Note 9' is launched in 2H11 and the supply of POLED increases.
● LG Electronics increased sales by 16% to 771 billion won
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