We are reader supported. External links may earn us a commission.


Samsung Q2 profit plummets 56% as smartphone sales slow down

By Anton D. Nagy July 31, 2019, 4:00 am

Samsung has posted its financial numbers for the second quarter of the year, posting 56.13 trillion won ($47.4 billion) in consolidated sales and 6.6 trillion won ($5.58 billion) in operating profit, representing a 56 percent drop.

The slow performance is mostly due to weakening market conditions and poor performance of its memory chips and smartphones. As far as its mobile division is concerned, Samsung managed to ship more budget and mid-range devices, but slowed down in flagship Galaxy S10 shipments, to which increased marketing expenses added more to the plummet.

Overall smartphone shipments increased thanks to strong sales in the mid-range-and-below segment, but flagship sales were slow amid waning launch effects of a new model and sluggish demand in the premium market

Compared with the third quarter of 2018, when Samsung reported its largest-ever quarterly operating profit of 17.57 trillion won, the Q2 figure was reduced to a third, the Korea Herald reports. While its networking branch posted solid results by commercializing 5G gear in Korea, the memory chip branch is struggling “as effects of inventory adjustments by major data center customers in the previous quarters continued, despite a limited recovery in demand“.



Latest Articles


Here's how the Apple iPod changed the world in 21 years

iPod was an industry-changing device at its time, and it had a massive impact on modern smartphones, and the way we listen to music. We take a last look at the now-discontinued Apple iPod and the history it leaves behind.

By Roland Udvarlaki May 11, 2022, 10:00 am

How to use Mic Modes in VOIP and FaceTime Calls

This guide will go over the steps you need to follow to activate one of the available Mic Mode settings on Apple Devices to begin using the feature and improve your calling experience.

By Aryan Suren May 10, 2022, 10:00 am

This iPhone 14 feature might urge users to upgrade

Until now, it appeared that iPhone 14 would only be a minor upgrade over the iPhone 13 series. However, a new leak suggests that the iPhone 14 will come with one feature that might urge users to upgrade.

By Sanuj Bhatia May 9, 2022, 5:00 am