Samsung’s Q1 earnings are in and, as the company itself predicted, they don’t make for pretty reading. The Korean giant saw revenue for the three-month period fall by 13 percent year-on-year to 52.4 trillion KRW, around $45 billion. Meanwhile, operating profit for Q1 2019 came in at 6.2 trillion KRW, that’s a whopping $5.33 billion but […]
Samsung’s Q1 earnings are in and, as the company itself predicted, they don’t make for pretty reading.
The Korean giant saw revenue for the three-month period fall by 13 percent year-on-year to 52.4 trillion KRW, around $45 billion. Meanwhile, operating profit for Q1 2019 came in at 6.2 trillion KRW, that’s a whopping $5.33 billion but it represents a decline of huge 60 percent drop from the same period last year. Ouch.
Samsung’s Q1 last year was admittedly a blockbuster quarter, but these are massive declines.
