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| Samsung warns of lower phones and TVs sales |
Samsung released its financial results for the first quarter ended March 31, 2020. Total revenue was $ 45.4 billion, up 5.6% from $ 42.8 billion in the same period last year, and operating income was $ 5.3 billion from $ 51 a year earlier. Billions of dollars.
The company said that even if chip trading remained strong, profits would decline this quarter due to lower sales of smartphones and TV, the South Korean giant joined due to the uncertainty, and other technology giants such as Intel refused to make annual forecasts. For the duration of the epidemic.
In addition, new devices, including the Galaxy S20 and Galaxy Z Flip, are not enough to increase mobile demand in the first quarter, and Samsung warns that the new Corona virus sweeping the world will seriously harm the device in the coming months. Exploiting the South Korean electronics giant. .
The company found that home business demands and increased online learning are driving demand for memory cards. However, as consumers postpone spending, expectations for smartphones and televisions are blurry.
"Despite these uncertainties, the general situation in the storage industry may still be favorable due to the demand for computers and servers," said Han Jinwen, senior vice president of Samsung chipset.
In contrast, Samsung said that since consumers are no longer buying unnecessary products and stores and factories are closed due to epidemics, cell phones and cell phones are expecting profits in the second quarter.
The Korean giant of the smart phone and memory chip industry indicated that the operating result increased due to the high demand for chips and the low costs of mobile marketing.
Samsung's chip business recorded operating income of $ 3.27 billion in the first quarter, down 3% from the same period last year, and made it clear that some customers have renewed their fleas because they fear that this epidemic will disrupt care and increase the benefits of fleas.
Operating income announced by the wireless industry was $ 2.17 billion, an increase of 17% over the previous year. According to Samsung, profitability has improved despite lower mobile phone shipments than the previous quarter, including 5G models and other advanced devices. Character ratio is higher.
Despite the rise in TV prices due to interruptions in supplies and falling mobile phone sales in China, the display industry was able to reduce its losses compared to the previous year. The company announced in March that it would stop producing LCD screens in China and South Korea by the end of 2020 due to increased supply due to expansion of Chinese companies.