Samsung's earnings report for the April-June period is in and much like the guidance report which came out at the beginning of the month predicted, the company is facing some significant struggles. Most notably Samsung's operating profit fell by 56% year over year to KRW 6.6 trillion ($5.56 billion). For comparison, in Q2 2018 the company saw KRW 14.87 trillion ($13.3 billion) in profits. In addition, the mobile business saw a 42% decrease in profit due to slow sales in the flagship sector despite an increase in total smartphone shipments. Revenue is up 8% thanks to solid sales from...
Source: https://www.gsmarena.com/samsung_q2_results_show_56_decrease_in_profits-news-38427.php
