Friday, 3 April 2020

Solid Samsung Q1 results expected, despite falling smartphone sales

The first quarter of 2020 is already behind our back, and companies are now compiling their financial reports for the period. According to reports from South Korea, Samsung will post "relatively solid" Q1 earnings guidance despite the COVID-19 outbreak that affected production, sales, and marketing across the globe. The Yonhap News Agency said Samsung is expected to announce KRW55.31 trillion (nearly $45 billion) in sales, which is a 5.5% increase from the same period last year. Operating profit is practically the same, but the provisional numbers say KRW6.22 trillion, which is...

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