Samsung guides for lower Q2 sales, profit

News Wireless Global 5 JUL 2019
Samsung guides for lower Q2 sales, profit

Samsung Electronics gave an earnings guidance for the second quarter, saying it sees revenues at KRW 55–57 trillion and its operating profit at KRW 6.4-6.6 trillion. The results represent a sharp decline from the year before, when revenues came out at KRW 58.48 trillion and the operating profit at KRW 14.87. They are higher, however, than the KRW 52.39 trillion and 6.23 trillion, reported respectively in the previous quarter. 

Samsung said the estimates included a one-time gain related to the display business. 

The company said in April that it expected total smartphone sales volumes to rise slightly in the second quarter, as compared to the first, boosted by sales of the S10 series and as the new A series rolls out. Samsung also said it was working on further cost efficiencies to boost margins and to enhance its lead in the premium segment.

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Mobile

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Samsung

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Global

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Sales figures, Financial figures

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