GSMArena.com - Latest articles: Samsung Galaxy S10 sales are solid, but chip business brings profits down

GSMArena.com - Latest articles GSMArena.com is the ultimate resource for GSM handset information. This feed contains the latest articles (news and reviews) in chronological order.

Samsung Galaxy S10 sales are solid, but chip business brings profits down Apr 30th 2019, 11:00 Samsung announced its financial results for Q1 2019 and they look as grim as predicted back in late March. The company reported consolidated sales of KRW52.4 trillion, which is 13% lower on a yearly basis. The decline of profit is even sharper - just KRW6.23 trillion, down 60% compared to the same period a year ago. Samsung Q1 2019 financial results Samsung stated in its press release the main reason for the poor performance is the weak memory chip demand. However, the Samsung Galaxy S10 sales are "solid", reporting a quarterly rise in revenue, despite a decrease in overall...

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