Samsung’s earnings shrink because of the slower iPhone sales


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Samsung has the custom of publishing a guide dedicated to investors that let them know which are the maximum revenues and earnings that the company plans to obtain in each quarter of the year and now it’s the turn of the first quarter of 2019.

The company, despite the brand new Galaxy S10 launch, has reduced the earnings expectations for this period due to the decrease in demand for screens and chips and the lowering of DRAM module prices, which have already fallen by 20% in a few months.

Samsung chips

Moreover, despite the fact that Samsung’s OLED panels are being purchased for use on the top smartphones of many companies, their demand is decreasing due to only one, Apple, which orders less since iPhone sales are slowing down more and more. This factor, together with the fall in the price of memory chips, has led the financial analysis company Refinitiv SmartEstimate to put the South Korean company’s profit margin at 6.4 billion dollars for this first period, less than half of the 15.6 billion in the same period of 2018. The same is true for sales, which are estimated to drop from $53.5 billion to $47.5.

Source :

engadget

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