GSMArena.com GSMArena.com

Tip us

888k

156k
74k
1.1m

RSS

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • DealsNew
  • Tools
  • Coverage
  • Contact
ADVERTISEMENTS

Samsung earnings guidance for Q4 2019 shows decline in profit

  • Post your comment
  • Comments (27)

Yordan 08 January 2020

Samsung Android

Samsung revealed its quarterly earnings guidance for the last three months of 2019 and the numbers do not bring joy. Operating profit is expected to decline around 30%, while the sales remain stagnant on a yearly basis.

Compared with Q3 2019, the sales are down 6.5%, while profit declined by just under 9%.

Q4 2019 Guidance KRW / USD Q4 2018 Results KRW / USD Q3 2019 Results KRW / USD
Sales 59 trillion / 50.4 billion 59.27 trillion / 50.72 billion 63 trillion / 53.9 billion
Operating Profit 7.1 trillion / 6.07 billion 10.8 trillion / 9.24 billion 7.78 trillion / 6.65 billion

Samsung announces its full earnings report with details on every department when the month following the quarter ends. At that point we'll get to find out which divisions were responsible for the less than ideal performance during the holiday period.

Last week Samsung introduced two new premium mid-range smartphones that might help with sales. The Galaxy S10 Lite and Galaxy Note10 Lite are a more affordable alternative to the flagship series helping the company further diversify its smartphone portfolio in an attempt to boost sales.

Source

Related articles
  • Best phones of 2019: The Winners Best phones of 2019: The Winners
  • 2019 Winners and Losers: Samsung 2019 Winners and Losers: Samsung
  • Samsung Galaxy S10 Lite and Galaxy Note10 Lite announced Samsung Galaxy S10 Lite and Galaxy Note10 Lite announced
  • Samsung announces Project NEON, realistic digital humanoid avatars Samsung announces Project NEON, realistic digital humanoid avatars

Reader comments

P
  • PartTimePhoner
  • Jia
  • 14 Jan 2020

Hey there you all-knowing deity, who "knows" which phones are good and which phones are bad. The thing is, I never said anything about the products being good or bad. I just merely pointed out the fact that smartphone sales werent going down. ...

  • Reply
A
  • Albert Tan
  • bJb
  • 11 Jan 2020

This $6 billion operating profit per quarter is for the whole Samsung chaebol, which includes Samsung Electronics.

  • Reply
D
  • Duck of death
  • 3i8
  • 10 Jan 2020

You keep saying that, while the world disagrees with you.

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 27

ADVERTISEMENTS

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • Ulefone
  • Tecno
  • BLU
  • Acer
  • Wiko
  • Panasonic
  • verykool
  • Plum

All brands Rumor mill

ADVERTISEMENTS

Top 10 by daily interest

  Device Daily hits  
1.Xiaomi Redmi Note 10 Pro Max57,746
2.Xiaomi Redmi Note 10 Pro51,482
3.Xiaomi Redmi Note 1046,564
4.Xiaomi Mi 10S33,565
5.Xiaomi Poco F332,163
6.Samsung Galaxy S21 Ultra 5G24,930
7.Samsung Galaxy A3224,037
8.Xiaomi Redmi K40 Pro+23,818
9.Samsung Galaxy A1221,738
10.Xiaomi Redmi Note 10 5G20,015
ADVERTISEMENTS

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2021 GSMArena.com Mobile version Android app Contact us Privacy Terms of use Change Ad Consent Do not sell my data