Samsung’s upcoming Q1 earnings are going to be ugly

Samsung’s upcoming Q1 earnings are going to be ugly

Samsung is forecasting that revenue for the quarter will reach 51-53 trillion KRW ($44.87-$46.63 billion), which would represent a drop of around 15 percent on one year previous.

The Korean tech giant reported a record operating profit in Q1 2018 — $13.76 billion — but this time around that is forecast to fall by a whopping 60 percent for the current quarter of business.

According to Bloomberg, that would be the company’s worst slump for four years.

TechCrunch

https://techcrunch.com/2019/04/04/samsung-q1-2019-earnings-profit-drop/

https://www3.nhk.or.jp/news/html/20190405/k10011874521000.html?