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The slowdown in the smartphone market shocked Samsung in the spring. Operating profit rose only 5.7% to reach the equivalent of 13.2 billion francs (14.9 trillion won), the company said on Tuesday. . In the mobile phone sector, profits even fell by a good third compared to the previous year.
For the second half, Apple's supplier and competitor also predicted stronger competition with the arrival on the market of new models. In the flea sector, by contrast, profits jumped 45%. Samsung is benefiting from the strong growth of cryptocurrency and data storage on the Internet, which is boosting the demand for memory chips.
The memory chip industry is by far the biggest contributor to Samsung's profits. Revenues fell 4% between April and June, reaching the equivalent of 51.9 billion Swiss francs
. Like other major electronics companies, Samsung is fighting the effects of the trade dispute between the United States and China. In addition, there are falling prices for some memory chips as well as growing competition in the smart phone market for cheaper devices from China.
(sda / ise)
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