Samsung is facing drop in profits by 29% in the last quarter of 2018

Detection of the financial report to Samsung about the decline in the profits of the company increased by 29% during the fourth quarter of 2018, with this potential downside to the decline of sales of the company in the recent period.

samsung-earnings


I know of


Samsung announced that its financial report for the last quarter of 2018, which have seen the company dip in sales, decrease in profit by 29% compared to the same quarter of last year.

Pointed Samsung to this decline in profits was attributed to the decrease of demand on company’s products of memory, has made Samsung’s revenue increased by $ 53.3 million during the fourth quarter of 2018, i.e. a decrease by 10% from the same quarter of 2017.

As I reached operating profit of 9.7 million, a decrease by 29%, also reached the company’s revenue of $ 219 million during the year, 52.9 million in operating profit throughout the year.

Recall that the Samsung sets expectations also decrease the demand on memory in the first quarter of 2019, as it sets expectations also decrease the profits of OLEDs with increased sales of premium smartphones screen LCD which hinder corporate competition, also is expected to order the company’s profits from the sales of upcoming releases in the first quarter of 2019.

Source

I know of

Leave a Reply

Your email address will not be published. Required fields are marked *