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Samsung has just released forecasts for its first quarter 2019 earnings report, and estimates an operating profit of W 6 200 billion (about $ 5.5 billion), less than half of the 14, $ 4 billion in profits in the same period last year. Samsung had issued an unprecedented warning to investors by announcing bad news, citing falling memory chip prices and declining demand for screens such as the OLED display for the iPhone and iPad. # 39; Apple.
We will have to wait a few more weeks to get a detailed breakdown and the final figures, but in its latest earnings report, Samsung said how it hoped the Galaxy S10 series would help improve the situation. The forecast of global revenues fell only 14% to 52 trillion won. The last time that Samsung experienced a decline of this magnitude, we looked forward to Galaxy Note 4 and 4K TVs. Now, the company hopes that data center investments will generate more memory demand and that the expensive Galaxy Fold can generate profits by encouraging its competitors to use its flexible display technologies for their own devices.
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