Samsung expects operating profit to fall 24.5% year-on-year in the second quarter

Source: Internet
Author: User
Keywords Samsung
"TechWeb Report" July 8, Samsung announced today, as the smartphone business growth slowed, the company's second-quarter operating profit may fall 24.5% to 7.2 trillion won (about 7.12 billion U.S. dollars). That would make the South Korean giant's operating profit decline for the third consecutive quarter. Samsung will announce its second-quarter final results by the end of July. This guidance forecast is well below the average forecast for the operating profit of the 8.3 trillion won, which analysts had previously given. Samsung also expects its second-quarter revenue to fall by 9.5% per cent to 52 trillion won. Analysts were expected to have an average of 54 trillion won. It will also be the first year-on-year revenue slide since Samsung introduced new accounting standards in 2009.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.