0
Wireless

Samsung sees demand weakening from Q2 after solid Q1 results

Wednesday 29 April 2020 | 08:55 CET | News
Samsung reported first-quarter revenues up 5.6 percent year-on-year to KRW 55.33 trillion, led by demand for its memory products and premium smartphones. The company said demand started to weaken from the end of the quarter due to the spread of the Covid-19 pandemic, and it expects lower second-quarter results as demand for consumer products such as smartphones and TVs slows.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Samsung
Countries: World
::: add a comment
This article is part of dossier

5G

,

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Samsung Semiconductor completes EMEA headquarters relocation to new Munich office

Published 19 Nov 2020 10:19 CET | Germany
Samsung Semiconductor Europe said it has completed the relocation of its EMEA headquarters from the Frankfurt region to Munich. ...

Samsung forecasts slower Q4 after smartphones drive jump in Q3 results

Published 29 Oct 2020 08:33 CET | World
Samsung Electronics reported a strong increase in third-quarter results, led by a 50 percent sequential increase in mobile phone ...

Samsung sees Q3 operating profit up 58% after sales grow 6.5%

Published 08 Oct 2020 08:49 CET | World
Samsung Electronics said it expects to report third-quarter sales of KRW 66 trillion and operating profit of KRW 12.3 trillion. ...

Samsung sees higher operating profit for Q2

Published 07 Jul 2020 09:08 CET | World
Samsung has issued a guidance for its second quarter, saying it expects to report a higher operating profit despite lower ...

Samsung to invest USD 84 mln in Egypt in 5 years, including computer screen manufacturing for export

Published 02 Jun 2020 09:51 CET | Egypt
Samsung is planning to invest nearly USD 84 million in Egypt over the next five years to take advantage of new incentives ...

Samsung voorziet afnemende vraag vanaf Q2, presenteert solide Q1-resultaten

Published 29 Apr 2020 10:41 CET | World
Samsung heeft over het eerste kwartaal van 2020 een omzetstijging van 5,6 procent op jaarbasis gerealiseerd. De omzet kwam uit op ...

LG improves operating profit on lower sales in Q1, sees weaker demand from Q2

Published 29 Apr 2020 09:58 CET | World
LG Electronics reported an increase in operating profit for the first quarter, despite a small drop in sales, as growth in ...

Samsung unveils USD 350 Galaxy Tab S6 Lite

Published 17 Apr 2020 09:43 CET | World
Samsung has announced the imminent launch of the new Galaxy Tab S6 Lite, a more affordable version of the Galaxy Tab S6. The ...

Samsung achieves 8.5 Gbps in test of latest mmWave active unit

Published 14 Apr 2020 17:20 CET | World
Samsung has claimed a new speed record of 8.5 Gbps over a 5G network using mmWave spectrum. The test involved 800 MHz of spectrum ...

Samsung leads declining smartphone memory market in 2019

Published 10 Apr 2020 13:46 CET | World
The global market for smartphone memory chips reached a combined value of USD 39.3 billion in full year 2019, according to data ...

Samsung updates A series with first 5G models

Published 08 Apr 2020 16:19 CET | United States
Samsung announced its first 5G smartphones in its mid-range A series. These are an update of the A51 and A71 models introduced in ...

Samsung guides for higher Q1 revenues, operating profit

Published 07 Apr 2020 08:59 CET | World
Samsung has provided guidance for the first quarter, saying it sees revenues at KRW 54-56 trillion and the operating profit at ...

Samsung to end LCD production to focus on QD, Oled TV displays

Published 31 Mar 2020 15:30 CET | World
Samsung Display will end its LCD production in South Korea and China by the end of the year, ZDnet reports. The company said it ...

Samsung unveils new S20 flagship range with 5G, Galaxy Z Flip foldable phone

Published 11 Feb 2020 21:00 CET | World
Samsung has unveiled its new flagship smartphone range, the Galaxy S20, as well as a new foldable phone. The three models in the ...





Calendar   /   Industry Events

27 Jan AT&T Q4 2020
27 Jan Corning Q4 2020
27 Jan Calix Q4 2020
27 Jan Facebook Q4 2020
27 Jan KPN Q4 2020
27 Jan Extreme Networks fiscal Q2
27 Jan MediaTek Q4 2020
27 Jan Uptime
28 Jan Rogers Communications Q4 2020
28 Jan Juniper Networks Q4 2020
28 Jan Comcast Q4 2020
28 Jan Crown Castle Q4 2020
28 Jan Skyworks fiscal Q1
28 Jan 8x8 fiscal Q3
28 Jan Samsung Electronics Q4 2020
29 Jan Airtel Africa Q4 2020
29 Jan Charter Communications Q4 2020
29 Jan Ericsson Q4 2020
29 Jan Telia Q4 2020
29 Jan NEC fiscal Q3
01 Feb NXP Semiconductors Q4 2020
01 Feb Harmonic Q4 2020
01 Feb On Semiconductor Q4
01 Feb Cirrus Logic Q3
02 Feb Viavi fiscal Q2
02 Feb Alphabet Q4 2020
02 Feb FireEye Q4 2020
02 Feb Telenor Q4 2020
02 Feb Vodacom fiscal Q3
02 Feb Tele2 Q4 2020
::: More Calendar Items