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Samsung Electronics warned investors that it was going to make a lot less money this quarter, and of course, the company has just announced that its first quarter earnings showed profits down 60% from the previous year, from 15.64 billion won (about 13 , $ 4 billion) to only 6.2 billion won (about $ 5.3 billion).
But unlike Google earlier today, the company does not blame his dear phones. Samsung claims that the Galaxy S10 range is actually well sold, with a total of 78 million phones delivered (as well as 5 million tablets) during the quarter. The weakness of phones can be explained by its low and mid-range models that cannibalize the sales of Galaxy models from last year. (A big part of Samsung's new telephony strategy is to equip its mid-range phones with flagship features like the new A-series.)
Samsung is expecting to ship a few more phones next quarter.
Instead, the reasons given are largely the same as last quarter: lower demand for memory chips, which is the case of Samsung. true bread and butter, as well as declining demand for displays. The company said things should improve in the second half of the year, with increased demand for flash memory in servers, as well as smartphones with 256GB of storage and more, and the company announced the shipment of more processors and modems, even as the demand for its products the image sensors slow down – the latter due to the "low seasonality of smartphones."
Samsung did not initially mention its struggling Galaxy Fold collapsible smartphone, but answered a question about the phone announcing that the company would announce an updated launch schedule "in the coming weeks". It is possible that this date is in the second half of the year, according to the interpretation that you give in the press release (in bold):
For the second halfDespite increased competition in the market, Samsung expects an increase in smartphone sales, under the impetus of new models in all segments, from Series A to Galaxy Note, in a context of strong seasonality. . In the premium segment, the company will strengthen its leadership thanks to the new Galaxy Note and its innovative products such as 5G. and foldable smartphones
More generally, the company predicts that the increased demand for flexible displays could help its display activity due to unspecified "new smartphone launches," but that the demand for flexible displays may be "moderate" at the moment. The company's display activities rely on other non-flexible smartphone screens to help the division "bounce back".
If you want to browse its income in more detail, it's the slippage of society.
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