Samsung’s mobile profits up 16.7% YoY in Q1 2020; expects Q2 smartphone sales to decline significantly due to COVID-19

Samsung has reported its earnings for Q1 2020 that ended March 31, 2020 in which the company has made revenue of 55.33 trillion won, a decrease of 7.6% from the previous quarter mainly due to weak seasonality for the Company’s display business and Consumer Electronics Division and partially due to effects of COVID-19. Revenue rose 5.6% YoY due to increasing demand for server and mobile components. Continue reading “Samsung’s mobile profits up 16.7% YoY in Q1 2020; expects Q2 smartphone sales to decline significantly due to COVID-19”