Skip to main content

Do you know Samsung surprises market with profit warning

Samsung issued an unexpected profit warning, accusing the memory chip price plummet and the display panel demand slowing. This is the latest sign that technology companies are facing tougher times in the face of a global economic slowdown.

The Korean technology company’s warning is that Apple’s first warning of profit warnings since 2002 has shocked investors for two months, citing the “amplitude” of China’s economic slowdown.

A few days later, Samsung, the world's largest chip and smartphone maker, predicted that its operating profit for the first time in two years would fall for the first time in two years. It accused the weak sales of chips and smartphones in the fourth quarter of 2018, leading to “increased macro uncertainty”.

The market is still tough. On Tuesday, Samsung, which relies heavily on computer chips, said its first-quarter profit will be lower than expected. "The company expects the price of main memory chip products to fall more than expected."

Analysts warned that China's economic slowdown and US-China trade tensions have affected global electronics companies. The weak sales of smartphones and the decline in data-centric company orders such as Amazon and Google have led to oversupply of memory chips, which has caused prices to fall.

Samsung is also hit by poor demand for Apple's iPhone because it supplies display panels and chips. Apple is a competitor to smartphones and Samsung's largest customer.

Apple said in January that in the three months ended December 29, weak iPhone sales and China's economic recession reduced its revenue by 4.5% to $84.3 billion (£63.7 billion). Profits fell to $19.97 billion. Smartphone sales are also slowing as consumers now take longer to upgrade their phones.

Lee Won-sik, an analyst at Shinyoung Securities, told Reuters: "Due to the poor sales of Apple's iPhone, the inventory backlog of its memory chips and the weak performance of the display panel business are hurting Samsung's profitability."

Samsung expects to earn 7.2 trillion won (4.66 billion pounds) in operating profit from January to March, less than half of the 15.6 trillion won a year ago. Sales are expected to fall to 53.7 trillion won from 60.6 trillion won a year ago.

Samsung S8 Repair is a phone repair centre offering repair services for Samsung S8 phones.

For more details on SamsungS8Repair, visit our website https://samsungs8repair.co.uk

Comments

Post a Comment

Popular posts from this blog

Is foldable smartphones going to be the future

Samsung is making a giant phone that folds in half and sells for $1,770. The Galaxy F is said to be released in March next year, and the company plans to sell one million of them in 2019. The phone is basically a tablet that can be folded into a mobile phone, which is said to be able to open, as "snap" as the previous flip phone. but why? Cable TV's Brian Barrett traces the history of collapsible smartphone technology in a weekend report, saying: "These scenes are tempting: you can keep your smartphone in single-screen mode on the way to the subway. Check in on Twitter and then expand it. Once you get on the train and read the New York Times, you can see the size of the tablet. This attraction is very obvious and people wonder why it took so long." Is that kind of scene really tempting? Is the attraction obvious enough? Maybe I missed something here, but it seems that at best it is just a possible thing, I won't scream. If I see a mobile phone folded in...
Post a Comment
Read more

A few tips to choose the best mobile phone

If you were looking for the best mobile phone in the market, one of the first criteria you should consider is that the device should support 4G connectivity. There are dozens of other features and factors, but this single feature can benefit you in so many different ways. This guide becomes the main reasons for choosing a 4G device and the key features to watch when the perfect device is chosen for yourself or to be donated to someone. Why to choose a 4G device There are many advantages of using a device that supports the 4G network. This includes: • Access to highspeed data - Whether for official or personal purpose, you can access highspeed data on your smartphone. You can play games, stream videos, play online music and do much more in a moment. Office work and other professional tasks are also a breeze. • Estimated voice calls - Another advantage of choosing a 4g phone is that you can make voice-free calls. The previous devices supporting 2G and 3G may not match the voice qua...
Post a Comment
Read more

Are mobile phone accessories are an indispensable items

Today, mobile phones are widely used for the necessary purposes. From big companies to small suppliers, maybe everyone has a mobile phone today. Different companies offer a variety of mobile phones with a variety of facilities. However, in order to access these different facilities available in these phones, different types of available mobile accessories must be purchased. This is a different mobile brand that offers customers a variety of accessories. If you want to buy a mobile phone accessory, you will have many different options to choose from. From rechargeable batteries to these phone cases to Bluetooth headsets, you can choose from a wider range of options. No matter what accessories you buy, it will definitely provide effective and practical purposes to a large extent. There are expensive and cheap mobile phone accessories on the market. Cheap includes data cables, headphones and adapters. These will help you make your phone a feature. With these accessories, you can confi...
Post a Comment
Read more