Author: Sam Byford
Samsung Electronics has reported record profits for every quarter in the past year, but it looks like that run is at an end. The company just released earnings guidance of 14.8 trillion won ($13.2 billion) in operating profit off 58 trillion won ($51.8 billion) in revenue for Q2, which would represent a 0.7-percent decline in sales and an 11-percent increase in profit year on year. Last quarter, however, Samsung made 15.64 trillion won in profit from revenue of 60.56 trillion won, its strongest results ever.
Analysts speaking to the Financial Times and The Wall Street Journal say that poor sales of the Galaxy S9 have weighed on Samsung’s bottom line in the second quarter; it’s reportedly sold the lowest of any flagship Samsung phone...
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Samsung Electronics has reported record profits for every quarter in the past year, but it looks like that run is at an end. The company just released earnings guidance of 14.8 trillion won ($13.2 billion) in operating profit off 58 trillion won ($51.8 billion) in revenue for Q2, which would represent a 0.7-percent decline in sales and an 11-percent increase in profit year on year. Last quarter, however, Samsung made 15.64 trillion won in profit from revenue of 60.56 trillion won, its strongest results ever.
Analysts speaking to the Financial Times and The Wall Street Journal say that poor sales of the Galaxy S9 have weighed on Samsung’s bottom line in the second quarter; it’s reportedly sold the lowest of any flagship Samsung phone...
Continue reading…
Continue reading...