Sforum - Samsung's latest 2/2019 Samsung-1 Profit technology information page: Damaged by Huawei but has an unexpected savior named ... Apple

Samsung's 2/2019 quarterly profit: Damaged by Huawei but there is an unexpected savior named … Apple


Samsung Electronics had previously predicted that its business profit in the second quarter of 2012 would be halved compared to the same period last year.

And according to the earnings report released by Samsung today, the company's profit fell 56%, to 6.5 billion won (5.56 billion USD). Turnover will also drop by 4% to 56 trillion won (47.89 billion USD).

According to TheVerge, this is the lowest profit of Samsung since the third quarter of 2016, when this company was affected by the Galaxy Note 7 battery problem. Samsung does not publish details of the business situation, but the Analysts said that it was influenced by Huawei.

Specifically, the US ban on Huawei has caused the Chinese company to cut smartphone production. Therefore, orders for memory chips from Samsung are also cut, which is one of the most profitable businesses of the Korean company.

Things were even worse for Samsung this quarter if the unsaved company came from an unexpected name, it was Apple. Specifically, Reuters analysts said Samsung was compensated by Apple about 800 billion won (equivalent to 684 million USD) because "Apples" did not buy enough amount of Samsung OLED screen to use on iPhone as the two sides had pre-agreement.


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