Samsung has reported its earnings for Q2 2019 that ended June 30 2019, in which the company has made operating profit of 6.60 trillion won, down 55.6% YoY, as expected. This due to weakness and price declines in the memory chip market and inventory adjustments by major datacenter customers, similar to previous quarters, despite a limited recovery in demand, said Samsung. It reported revenue of 56.13 trillion won, down 4% YoY from 58.48 trillion won last year. Continue reading “Samsung’s Q2 2019 profits down 55.6% YoY, mobile profits down 41.5% YoY due to weak Galaxy S10 sales”
