Samsung is aiming for recovery in the second half of the year
However, the second quarter will still be difficult, the company emphasized. This is due to the still falling chip prices and a decreasing demand for screens. The demand for technology for data centers is also likely to remain under pressure in the current reporting period.
The world’s largest producer of smartphones and memory chips has already warned of weak performance in the first three months of 2019 and has already released preliminary figures. Those hardly deviated from the final. Specifically, Samsung put an operating profit in the books of 6.2 trillion won, equivalent to around 4.9 billion euros. Sales fell to 52.4 trillion won.
Samsung did not release anything about a new launch date for the Galaxy Fold smartphone. The launch was recently postponed because test versions of the device revealed problems with the folding screen, such as cracks. In 2016, Samsung had to deal with problems with the launch of the Galaxy Note 7, where the smartphone’s battery could catch fire. This device was eventually withdrawn from the market by Samsung.