Samsung has announced its financial results for the first quarter of 2019, the company had revenue of KRW 52.4 trillion and an operating profit of KRW 6.2 trillion.
The company has said that it had strong sales of its new Galaxy S10 range of handsets with KRW 27.2 trillion for the quarter in its mobile division.
First quarter earnings were weighed down by the weakness in memory chips and displays, although the newly launched Galaxy S10 smartphone logged solid sales.
The Semiconductor Business saw a drop in memory chip prices as inventory adjustments continued at datacenter companies, while demand for high-density memory for mobile phones increased thanks to new flagship smartphones. Earnings improved at the System LSI and Foundry businesses over the sales of smartphone application processors (APs).
The Display Panel Business reported a quarterly loss due to decreased demand for flexible displays and increasing market supplies for large displays.
You can see Samsung’s full financial results for the first quarter of 2019 over at Samsung at the link below.
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