Samsung Q1 2019 earnings guidance shows profit plunging

Yordan, 05 April 2019

Samsung had a good run in the past two years, but now is the time to get back to reality. Low demand for memory chips and poor performance of the Galaxy flagships led to the company announcing guidance of around KRW52 trillion in sales (14% down YoY) and only KRW6.2 trillion in operating profit, which is 60% less than the profit in Q1 2018.

(in trillion KRW)	Q1 2019 Guidance / YoY change	Q4 2018 Report	Q1 2018 Report
Sales	52 / (14%)	59.27	60.56
Operating profit	6.20 / (60%)	10.80	15.64

Ten days ago, an insider revealed Samsung sent a memo to investors, telling them instead of the earlier estimated KRW8 trillion, the profit is likely to dive below KRW7 trillion.

The display and memory chip market is over 75% of all the revenue for Samsung Electronics. Although the company was a market leader twelve months ago, competitors from China managed to provide better prices for LTPS LCDs, pushing manufacturers to ditch OLED. The finalized financial report will be available in the last week of this month.

Source

Samsung Android

Reader comments

Anonymous
09 Apr 2019
3Y2

And android still copies Apple lol.

Anonymous
08 Apr 2019
ix9

The features of an iphone may be old news for other android phones but Apple still builds the fastest Chip out of any manufacturer. I got an Oneplus 5T as a phone and back in the time, glass was the thing and oneplus totally copied the iphone 7 pl...

AnonD-731363
08 Apr 2019
SH3

Soon maybe this year and i hope so BBK Electronics AKA Huawei will skip over Samsung very easy and then in next year or 2 Xiaomi does the same with apple and Samsung skip over just to show which smartphones are better and sells better.