Samsung Electronics has turned the earnings report into line with its guidelines, as it happens every quarter. The difference is in this quarter, however, as the guidelines were unexpectedly bad, so according to forecasts, operating profit of 10.8 trillion (~ 9.7 billion dollars) was down by 29 percent year-on-year. Revenues declined by 10 percent compared to the previous year, to 59.27 billion (53.3 billion dollars), which is slightly at the peak of Samsung's bid.
Samsung states that its earnings were primarily influenced by reduced demand for memory chips, usually its largest revenue drive, as well as shrinking smart phones and increased mobile competition. The company does not expect memory demand in this quarter, and warns of a weaker year-round performance than flat-phone sales.
The fall in the last quarter was not enough to stop putting Samsung's record-breaking financial results for the whole of 2018, and the company believes the upcoming leading Galaxy S10 – whose name is actually confirmed in this report – help "miss out on sales and business results in the coming months . "Foldable and 5G devices are also designed to" secure sustainable growth "in a challenging market, since S9 failed to sell well, this year, Samsung needs a hit.