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Samsung Electronics Co. posted lower-than-expected results on weaker demand for smartphones.
Operating profit reached 14.8 trillion won ($ 13.2 billion) in June, according to preliminary results released on Friday. , Company based in South Korea. This compares with the average of 15.3 trillion won of analysts' estimates compiled by Bloomberg.
While the world's largest chip maker dominates the DRAM and NAND markets, the company struggled with lower than expected sales S9 smartphones unveiled in the first three months of the year. year. Sales of organic light-emitting diodes to Apple Inc. were also weaker than expected, as chip price growth slowed.
"Phones do not sell and NAND prices are particularly low," said Claire Kim, an analyst at Daishin Securities Co. "This is not a surprise since Samsung has attenuated itself its profit forecasts. "
Second-quarter sales dropped to 58 trillion won from 60.8 trillion won. . Samsung will not provide a net profit or divulge segment results until the final results are released.
Samsung warned in April that its mobile business would experience "stagnant sales of flagship models despite weak demand and increased marketing spending" in the second quarter. Samsung's market share is expected to fall to 20.4% in the second quarter from 21.4% in the previous quarter, while Huawei Technologies Co., Oppo and Xiaomi Corp. would all increase, according to TrendForce.
19659009] China investigates allegations of collusion in chip sales with Micron Technology Inc. and SK Hynix Inc. while they face regulatory pressures on their corporate government. The title lost 9.8% this year after hitting record levels in 2017.
The semiconductor business accounts for most of Samsung's profit. Contract prices for 32-gigabyte DRAM server modules increased 2.8 percent in the June quarter compared with the March period, which increased 5.6 percent. Prices for 128 megabytes of NLC MLC flash memory have dropped about 9%, according to TechSpectrum Inc.
– with the help of Myungshin Cho
(). day with actions in seventh paragraph. )
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