Samsung sees Q1 profit plummet 60%

Samsung sees Q1 profit plummet 60%

5 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/04/29/samsung-sees-q1-profit-plummet-60/

Samsung’s Q1 earnings are in and, as the company itself predicted, they don’t make for pretty reading.

The Korean giant saw revenue for the three-month period fall by 13 percent year-on-year to 52.4 trillion KRW, around $45 billion. Meanwhile, operating profit for Q1 2019 came in at 6.2 trillion KRW, that’s a whopping $5.33 billion but it represents a decline of huge 60 percent drop from the same period last year. Ouch.