Samsung earnings guidance reveals 60% YoY profit drop in Q1 2019

Samsung today reported earnings guidance for the first quarter of 2019. After posting 28.7% decrease in profit in Q4 2018 due to weak chip and phone sales, the company said that it would improve sales and business performance this year. Earnings guidance released today reveals 6.2 trillion Korean won ($5.5 billion) operating profit for the quarter, down 60.2% from the 15.64 trillion won profit in the first quarter of 2018. 

Continue reading “Samsung earnings guidance reveals 60% YoY profit drop in Q1 2019”