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Samsung Q2 earnings guidance shows slowing smartphone business

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Yordan 06 July 2018

Samsung Android

Samsung smashed records for operating profit seven quarters in a row, but the streak is done, according to the company guidance. The Korean giant just announced its earnings guidance for Q2 2018 - consolidated sales are expected to be approximately KRW58 trillion ($52 billion), while the consolidated operating profit should be around KRW14.8 trillion ($13.25 billion).

Samsung Q2 earnings guidance shows slowing smartphone business

The estimated numbers fall short of the Q1 2018 results when sales were KRW60.56 trillion ($56.2 billion). Operating profit was an all-time record, reaching KRW15.64 trillion ($14.5 billion).

According to analysts, the reason for the drop in profit is lackluster of Galaxy S9 sales. Smartphone users were not impressed by the lack of innovations in the new device. The chip business comes as a savior for the April-June period when an increase in profit of about 50% on a yearly basis is expected.

The full Q2 2018 results are usually posted on the last Friday of the month following the quarter, so stay around.

Source

Related articles
  • Counterpoint: Samsung shipped the most smartphones in Q1 of 2018 Counterpoint: Samsung shipped the most smartphones in Q1 of 2018
  • Galaxy S9 and S8 help push Samsung to record Q1 profits Galaxy S9 and S8 help push Samsung to record Q1 profits
  • Analysts: Samsung Mobile to post unimpressive Q2 results Analysts: Samsung Mobile to post unimpressive Q2 results
  • Samsung could unveil the foldable Galaxy X at CES, Galaxy S10 at the MWC Samsung could unveil the foldable Galaxy X at CES, Galaxy S10 at the MWC

Reader comments

C
  • China man
  • mhV
  • 08 Jul 2018

Huawei GO more speed for up...target is Apple!.

  • Reply
?
  • Anonymous
  • xq5
  • 07 Jul 2018

No surprise. As Samsung phones are overpriced for no reason.

  • Reply
?
  • Anonymous
  • y$Y
  • 07 Jul 2018

I understand if you need dual sim, but why do you need sd845? Most apps and most users dont utilize sd845 fully. I think even in 2018 SD821 (or 820?) And sd835 will still perform very well and give us snappy exp. I am looking for smartphon...

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 19

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