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Wireless

Samsung Q1 profits fall on weak memory, display results, lower smartphone sales

Tuesday 30 April 2019 | 08:42 CET | News
Samsung Electronics confirmed a sharp fall in profit in the first quarter, hurt by the drop in memory chip prices, losses at its display business and lower margins in smartphones after a revamp of its lower-end models. Samsung said it expects memory and display demand to improve from the second half of the year, but the smartphone and TV business will remain "challenging" due to the intense competition and uncertain economic environment. 

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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