If you're a Samsung shareholder, you probably weren't very happy with its financial results last quarter. While the South Korean giant broke previous records in the previous quarter, the second quarter of this year was not so great according to his estimates.
Operating profit should reach approximately 13,2 billion dollars in the last quarter, which is "only" 5% more than in the same period a year ago. However, total sales of about $51,7 billion are down from the $54,8 billion Samsung achieved last year.
Although the financial results for the past quarter are somewhat sadder compared to previous quarters, this state of affairs was to be expected. Last year, Samsung ruled the production of chips, OLED displays and NAND and DRAM modules, the prices of which were very high and are now falling. Lower profits were also due to weaker model sales Galaxy S9, which apparently did not quite live up to expectations. According to estimates, Samsung should sell "only" 31 million units this year, which is definitely not a hit parade. On the other hand, however, we cannot be too surprised. Model Galaxy The S9 is rather a kind of evolution of the model Galaxy S8, whose owners are not very inclined to switch to a newer, slightly improved version.
Deliveries of OLED displays, which were also a gold mine for Samsung, are also starting to have ugly cracks. One of the most important customers, competitive Apple, allegedly started negotiations with other manufacturers of OLED displays, thanks to which he would at least partially break his dependence on rival Samsung. If he really succeeded, the South Korean giant would certainly feel it in the profits.
