Samsung Electronics Earnings for the First Quarter of 2019

Samsung Electronics Earnings for the First Quarter of 2019

samsung.com

Operating profit increased to KRW 6.61 trillion as the Memory Business returned to profit by addressing demand for high value-added products. For servers and storage, demand for generative AI showed solid trends, while demand for DDR5 and high-density SSDs remained strong. In the second quarter, overall demand for smartphones is expected to decline sequentially due to stagnant TV market demand and increased costs amid intensifying market competition. The MX Business will seek annual growth in smartphone sales and aims to maintain sales momentum

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